Spartan Delta Corp. Sees Strong Shareholder Support at Annual General and Special Meeting

In a decisive display of confidence, Spartan Delta Corp., a prominent player in Canada’s energy sector, has successfully navigated its annual general and special meeting of shareholders. Held on May 23, 2025, the meeting saw all resolutions presented for approval being passed with significant shareholder support. This outcome underscores the company’s robust governance and strategic direction, as it continues to focus on oil and gas field exploration.

Representing approximately 60.93% of Spartan Delta’s issued and outstanding common shares, a total of 121,892,370 shares were present at the meeting. This level of participation highlights the shareholders’ vested interest in the company’s future and their trust in the leadership team.

A key highlight from the meeting was the election of six directors to Spartan Delta’s board. These nominees, listed in the management information circular dated April 11, 2025, were elected to hold office until the next annual meeting or until their successors are duly elected or appointed. Among the elected directors, Fotis Kalantzis received overwhelming support, with 105,547,191 votes in favor, translating to 99.96% approval. Richard McHardy also secured a strong mandate, with 99,733,681 votes for, representing 94.45% of the votes cast.

The successful passage of all resolutions and the strong backing for the board nominees reflect a unified vision for Spartan Delta’s future. As the company continues to navigate the dynamic energy landscape, this shareholder endorsement is a testament to the strategic initiatives and leadership that have positioned Spartan Delta as a key player in the oil, gas, and consumable fuels industry.

With a market capitalization of 559 million CAD and a close price of 2.97 CAD as of May 20, 2025, Spartan Delta remains a significant entity on the Toronto Stock Exchange. The company’s forward-looking approach and commitment to exploration are likely to drive its growth trajectory in the coming years.

As Spartan Delta moves forward, the strong shareholder support serves as a solid foundation for its strategic initiatives, ensuring that the company remains well-positioned to capitalize on opportunities within the energy sector.