Tenth Avenue Petroleum Corp. shareholders demonstrated strong engagement in the company's governance decisions, with 37.22% of issued and outstanding common shares represented at the annual general and special meeting held on September 17, 2025. The 16,783,724 shares represented reflected significant investor participation in critical corporate matters that will shape the company's future direction.
Shareholders overwhelmingly approved the special resolution to change the company name to Decimus Oil Corp., with 99.979% of represented shares voting in favor of the rebranding initiative. This name change represents a strategic shift for the Canadian junior oil and gas exploration and production company as it continues to focus on sustainable growth in Alberta. The rebranding signals the company's evolution and renewed commitment to operational excellence while maintaining its focus on per-share growth and leveraging strategic assets in the Mannville stack.
The meeting resulted in the election of all four director nominees listed in the management proxy circular, with each director receiving substantial support from shareholders. This unanimous approval indicates strong confidence in the current leadership team's ability to navigate the complex energy market landscape. Shareholders also approved fixing the number of directors at four, providing stability in corporate governance structure.
Crowe & McKay LLP was appointed as the company's auditors, ensuring continued financial oversight and compliance. The stock option plan received near-unanimous approval with 99.843% of represented shares voting in favor, demonstrating shareholder support for the company's compensation structure and alignment with future growth prospects. This level of approval suggests investors believe in the management team's ability to execute the company's strategic vision.
Further details on the matters approved at the meeting are available in the Management Information Circular dated August 15, 2025 and the Report of Voting Results available on https://www.sedarplus.ca. The company's forward-looking statements emphasize the substantial known and unknown risks and uncertainties inherent in oil and gas operations, including impacts from economic conditions, commodity price fluctuations, regulatory changes, and operational challenges that could affect the implementation of these approved initiatives.
