Tenth Avenue Petroleum Corp. announced that shareholders have approved all resolutions presented at the company's annual general and special meeting held on September 17, 2025. The meeting saw 37.22% of issued and outstanding common shares represented, totaling 16,783,724 shares, demonstrating significant shareholder engagement in the company's governance decisions. 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. 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 company's commitment to operational excellence and per-share growth remains central to its strategy while 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. Additionally, shareholders approved fixing the number of directors at four and appointed Crowe & McKay LLP as the company's auditors. The stock option plan received near-unanimous approval with 99.843% of represented shares voting in favor, indicating strong confidence in the company's compensation structure and future growth prospects. 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 SEDAR+. 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.
The shareholder approval of the name change to Decimus Oil Corp. is particularly significant as it reflects a strategic rebranding aligned with the company's evolving identity and operational focus. With 99.979% support, this near-unanimous vote demonstrates strong shareholder alignment with management's vision for the company's future direction. The high approval rates across all resolutions, including director elections and the stock option plan, suggest robust confidence in current leadership and strategic initiatives. This governance outcome provides the company with a clear mandate to execute its growth strategy in Alberta's energy sector.
The implications of this shareholder meeting extend beyond procedural approvals to signal market confidence in Tenth Avenue Petroleum's transition to Decimus Oil Corp. The substantial shareholder participation, with over 37% of shares represented, indicates active investor interest in the company's governance and strategic direction. The company's emphasis on sustainable growth in Alberta, combined with its focus on the Mannville stack assets, positions it to navigate the complex energy landscape while pursuing operational excellence. The approval of the stock option plan with 99.843% support further reinforces investor confidence in the company's ability to attract and retain talent while driving per-share growth. These governance decisions collectively strengthen the company's foundation for future development in Canada's competitive oil and gas sector.
