Result of AGM
Arrow Exploration Corp. announced positive voting results from its annual general meeting, with all resolutions, including the number of directors, election of directors, appointment of auditors, and amendments to the stock option plan, receiving strong shareholder approval, with votes for ranging from 80.30% to 99.07%. Additionally, the company has engaged ICP Securities Inc. to provide automated market making services for a monthly fee of C$7,500, commencing September 1, 2026, for an initial four-month term, aimed at correcting temporary imbalances in share supply and demand.
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CALGARY, September 22, 2026 – Arrow Exploration Corp. (AIM: AXL; TSXV: AXL) (“Arrow” or the “Company”), the high-growth operator with a portfolio of assets across key Colombian and Canadian hydrocarbon basins, is pleased to announce its AGM voting results.
Report in Respect of Voting Results Pursuant to Section 11.3 of National Instrument 51-102 - Continuous Disclosure Obligations
The following sets forth a brief description of each matter voted upon at the annual general meeting (the "Meeting") of the holders of common shares of Arrow held on September 18, 2026 and the outcome of the vote:
| Description of Matter | Outcome of Vote | Votes For | Votes Against or Withheld |
| Number of Directors To set the number of directors at five (5). | Approved | 54,634,131 99.07% | 515,129 0.93% |
| Election of Directors Marshall Abbott | Approved | 54,548,635 98.91% | 600,625 1.09% |
| Grant M. Carnie | Approved | 54,024,050 97.96% | 1,125,210 2.04% |
| Gage Jull | Approved | 44,284,958 80.30% | 10,864,302 19.70% |
| Ian Langley | Approved | 54,645,766 99.07% | 514,556 0.93% |
| Ravi Sharma | Approved | 54,515,322 98.83% | 643,822 1.17% |
| Appointment of Auditors Appointment of Ernst & Young LLP as Auditors of the Corporation of the ensuing year and authorizing the Directors to fix their remuneration. | Approved | 54,522,405 99.03% | 536,395 0.97% |
| Approval and Amendment of Option Plan To re-approve the Corporation’s stock option plan and to approve certain amendments thereto as more particularly set out in the Information Circular and Proxy Statement (collectively, the “ Circular ”) of the Corporation dated August 6, 2026. | Approved | 48,531,598 87.98% | 6,628,724 12.02% |
Market Making Services
The Company also announces that it has engaged the services of ICP Securities Inc. ("ICP") to provide automated market making services, including use of its proprietary algorithm, ICP Premium®, in compliance with the policies and guidelines of the TSX Venture Exchange and other applicable legislation. ICP will be paid a monthly fee of C$7,500, plus applicable taxes. The agreement between the Company and ICP was signed with a start date of September 1, 2026, and is for four (4) months (the "Initial Term") and shall be automatically renewed for subsequent one (1) month terms (each month called an "Additional Term") unless either party provides at least thirty (30) days written notice prior to the end of the Initial Term or an Additional Term, as applicable. There are no performance factors contained in the agreement and no stock options or other compensation in connection with the engagement. ICP and its clients may acquire an interest in the securities of the Company in the future.
ICP is an arm's length party to the Company. ICP's market making activity will be primarily to correct temporary imbalances in the supply and demand of the Company's shares. ICP will be responsible for the costs it incurs in buying and selling the Company's shares, and no third party will be providing funds or securities for the market making activities.
ABOUT ICP SECURITIES INC.
ICP Securities Inc. is a Toronto based CIRO dealer-member that specializes in automated market making and liquidity provision, as well as having a proprietary market making algorithm, ICP Premium®, that enhances liquidity and quote health. Established in 2023, with a focus on market structure, execution, and trading, ICP has leveraged its own proprietary technology to deliver high quality liquidity provision and execution services to a broad array of public issuers and institutional investors.
About Arrow Exploration Corp.
Arrow Exploration Corp. is a publicly traded company with a portfolio of premier Colombian and Canadian oil assets that are underexploited, under-explored and offer high potential growth. The Company’s business plan is to expand oil production from some of Colombia’s most active basins, including the Llanos, Middle Magdalena Valley (MMV) and Putumayo Basin. The asset base is predominantly operated with high working interests, and the Brent-linked light oil pricing exposure combines with low royalties to yield attractive potential operating margins. Arrow’s interest in the Tapir block is held through a private contract with Petrolco, who holds a 50% participating interest in, and is the named operator of, the Tapir contract with Ecopetrol. The formal assignment to the Company is subject to Ecopetrol’s consent (details of which are set out in Paragraph 16.13 of the Company’s AIM Admission Document dated October 20, 2021). Arrow’s seasoned team is led by a hands-on executive team supported by an experienced board. Arrow is listed on the AIM market of the London Stock Exchange and on TSX Venture Exchange under the symbol “AXL”.
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