PrairieSky Royalty Ltd.: Shareholder Approved Key Resolutions at the Annual General Meeting
Calgary, Alberta – April 14, 2025 – PrairieSky Royalty Ltd. (PrairieSky or the Company), a leading mineral and royalty company based in Canada, held its Annual General Meeting of shareholders on April 14, 2025, in Calgary, Alberta. The meeting was marked by the approval of several significant resolutions that will shape the company’s future.
Resolutions Approved at the Meeting
The following resolutions were approved at the Meeting:
- Election of Directors: Shareholders approved the election of nine directors, each of whom will serve until the next annual meeting or until their successors are elected.
- Appointment of Auditors: Shareholders approved the appointment of Deloitte LLP as the auditor of the Company for the ensuing year and authorized the directors to fix the auditor’s remuneration.
- Approval of Stock Option Plan: Shareholders approved the Company’s stock option plan, under which options to purchase up to 10% of the issued and outstanding common shares may be granted.
- Approval of Amendments to the By-Law: Shareholders approved the amendments to the Company’s by-laws, which include provisions related to the appointment and removal of directors, notice of meetings, and proxies.
These resolutions will significantly impact PrairieSky’s operations and future growth.
Impact on PrairieSky
The approved stock option plan will enable PrairieSky to attract and retain top talent, as the company continues to expand its mineral and royalty portfolio. The new directors bring a wealth of experience and expertise to the table, ensuring the Company’s continued success.
The appointment of Deloitte LLP as auditor will provide PrairieSky with the highest level of financial reporting and transparency, ensuring shareholder confidence in the Company’s financial statements and disclosures.
Lastly, the amendments to the by-laws will streamline the Company’s governance structure, making it more agile and responsive to market conditions and shareholder demands.
Impact on the World
The approval of these resolutions at PrairieSky’s Annual General Meeting is a positive sign for the mineral and royalty sector as a whole. It demonstrates the Company’s commitment to transparency, strong governance, and attracting top talent, which will contribute to the long-term sustainability and growth of the industry.
Moreover, PrairieSky’s success serves as an example for other companies in the sector, encouraging them to adopt similar best practices and strengthening investor confidence in the sector as a whole.
Conclusion
In conclusion, the approval of key resolutions at PrairieSky’s Annual General Meeting marks an important milestone for the Company and the mineral and royalty sector as a whole. These resolutions will enable PrairieSky to attract and retain top talent, strengthen its governance structure, and maintain the highest level of financial reporting and transparency, ensuring continued success and investor confidence.
Furthermore, PrairieSky’s commitment to best practices sets a positive trend for the sector, encouraging other companies to adopt similar strategies and contributing to the long-term sustainability and growth of the industry.
