CGX Energy Inc. - Annual and Special Meeting Voting Results

TORONTO, June 26, 2014 /CNW/ - CGX Energy Inc.'s (TSX-V - OYL) ("CGX Energy" or the "Company") annual and special meeting of shareholders was held on Wednesday June 25, 2014, where each of the eight nominees proposed as directors and listed on the Company's management proxy circular dated May 16, 2014 were elected as directors. The directors achieved an average approval vote of 98.59% from shareholders. The detailed results of the vote are set out below:

Nominee	Outcome of vote	Voted	Voted (%)
José Francisco Arata	Approved	53,713,490 Voted 976,283 Withheld	98.21% 1.79%
John Cullen	Approved	54,660,908 Voted 28,865 Withheld	99.95% 0.05%
Serafino Iacono	Approved	52,142,822 Voted 2,546,951 Withheld	95.34% 4.66%
Dennis Mills	Approved	54,672,327 Voted 17,446 Withheld	99.97% 0.03%
Suresh Narine	Approved	54,665,527 Voted 24,196 Withheld	99.96% 0.04%
Marino Ostos	Approved	54,673,627 Voted 16,146 Withheld	99.97% 0.03%
Ronald Pantin	Approved	52,139,303 Voted 2,550,470 Withheld	95.34% 4.66%
Dennis Pieters	Approved	54,672,327 Voted 17,446 Withheld	99.97% 0.03%

About CGX Energy

CGX Energy is a Canadian-based oil and gas exploration company focused on the exploration of oil in the Guyana-Suriname Basin.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE

Forward-Looking Statements:
This news release contains forward-looking statements. Forward-looking statements are frequently characterized by words such as "plan", "expect", "project", "intend", "believe", anticipate", "estimate", "may", "will", "would", "potential", "proposed" and other similar words, or statements that certain events or conditions "may" or "will" occur in the future. These forward-looking statements are based on certain key expectations and assumptions made by CGX Energy. CGX Energy believes the expectations and assumptions on which it develops forward-looking statements are reasonable; however, undue reliance should not be placed on forward-looking statements as there can be no assurance they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. In addition, other risks that may affect the forward-looking statements in this news release are outlined further in the Company's Annual Information Form dated March 5, 2014 filed on SEDAR at www.sedar.com.

The forward-looking statements contained in this news release are made as of the date hereof and CGX Energy undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.

SOURCE: CGX Energy Inc.

Michael Galego, General Counsel and Secretary at [phone] or [email protected]