Arrow Exploration Corp. Announces Postponement of Annual General Meeting

Source Press Release
Company Arrow Exploration Corp. 
Tags Strategy - Corporate
Date November 04, 2019

ARROW Exploration Corp. ("Arrow" or the "Company") (TSXV: AXL) announces the postponement of its Annual General and Special Meeting (the "Meeting"), originally scheduled for December 4, 2019. Arrow has postponed the Meeting as and until the Company completes a search for and appoints a permanent President and Chief Executive Officer, following the recent resignation of the incumbent, and determines the associated potential changes to the Board. The Meeting will be rescheduled for a date on or prior to March 21, 2020 in accordance with the order of the Court of Queen's Bench of Alberta obtained on October 22, 2019, a copy of which has been filed on Arrow's SEDAR profile at  , which granted an extension beyond the date by which the Meeting would otherwise be required to be held in accordance with applicable corporate law. The Company will deliver a new notice of Meeting, and an information circular and proxy to its shareholders in connection with the Meeting.

Arrow's Board of Directors is in the process of considering and evaluating candidates for a permanent President and Chief Executive Officer. Mr. Jack Scott, Chief Operating Officer, is currently acting as Interim President and Chief Executive Officer of Arrow.

As previously disclosed, Arrow continues to work to secure a corporate credit facility to support its growth plan and is evaluating alternative debt solutions in the event the Company is unable to close the credit facility as originally contemplated.

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