Cathedral Energy Services Announces Director Election Results and Adoption of Advance Notice By-law

NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA

CALGARY, April 24, 2014 /CNW/ - Cathedral Energy Services Ltd. (the "Company" or "Cathedral" /TSX: CET) held its annual and special meeting of shareholders on April 23, 2014. A total of 22,472,479 common shares representing 62.10% of the Company's issued and outstanding common shares were voted in connection with the meeting. All the nominees proposed as directors were duly elected as directors of the Company by a majority of the votes cast by the shareholders present or represented by proxy at the meeting, as follows:

Nominee	Number	%
P. Scott MacFarlane	21,798,750	98.00%
Randy H. Pustanyk	21,796,350	97.99%
Rod Maxwell	21,736,150	97.72%
Scott Sarjeant	21,731,950	97.70%
Jay Zammit	20,404,438	91.74%
Robert L. Chaisson	21,717,150	97.64%
P. Daniel O'Neil	21,718,750	97.64%
Ian S. Brown	21,652,488	97.35%

The Company is also pleased to announce the adoption of an advance notice by-law (the "By-law").  The By-law became effective following the Company's annual and special meeting of shareholders held on April 23, 2014. A copy of the By-law is available under the Company's profile at www.sedar.com.

Among other things, the By-law fixes a deadline by which shareholders must submit a notice of director nominations to the Company in order for such nominations to be proposed at annual or special meetings of shareholders where directors are to be elected. Further, the By-law sets forth the information that a shareholder must include in the notice for it to be valid. In the case of an annual meeting of shareholders, notice to the Company must be made not less than 30 nor more than 65 days prior to the date set for the annual meeting.

Cathedral Energy Services Ltd. (the "Company"/"Cathedral") and its wholly owned subsidiary, Cathedral Energy Services Inc., are engaged in the business of providing selected oilfield services to oil and natural gas companies in western Canada and the United States.  The Company strives to provide its clients with value added technologies and solutions to meet their directional drilling and production testing requirements.  The Company's shares trade on the TSX under the symbol: CET.  For more information, visit www.cathedralenergyservices.com.

 

 

SOURCE: Cathedral Energy Services Ltd.

P. Scott MacFarlane, President and CEO or Randy Pustanyk, Executive Vice President and COO

Cathedral Energy Services Ltd., 6030 - 3^rd Street S.E., Calgary, Alberta T2H 1K2

Telephone:  [phone] Fax:  [phone]   www.cathedralenergyservices.com