Tenth Avenue Petroleum Shareholders Approve Corporate Name Change to Decimus Oil Corp.
Tenth Avenue Petroleum shareholders overwhelmingly approved a corporate name change to Decimus Oil Corp. and re-elected all directors, signaling strong support for the company's strategic direction and governance.
Tenth Avenue Petroleum Corp. (TSXV:TPC) announced the results of its annual general and special meeting held on September 17, 2025, where shareholders demonstrated strong support for the company's leadership and strategic initiatives. All four director nominees listed in the management proxy circular were elected, with the resolution to fix the number of directors at four receiving approval from shareholders.
The meeting saw significant shareholder participation, with 16,783,724 common shares, representing 37.22% of the company's issued and outstanding shares, represented in person or by proxy. This level of engagement underscores the importance shareholders place on the company's governance decisions and future direction.
Most notably, shareholders overwhelmingly approved the special resolution to change the company name to Decimus Oil Corp., with 99.979% of represented shares voting in favor. This near-unanimous support indicates strong confidence in the company's rebranding strategy and future vision. The name change represents a significant milestone in the company's evolution and market positioning.
Additional resolutions passed include the approval of the stock option plan with 99.843% support and the appointment of Crowe & McKay LLP as company auditors. These decisions reflect shareholder endorsement of the company's compensation policies and financial oversight mechanisms. Further details on the matters approved at the meeting can be found in the Management Information Circular dated August 15, 2025 and the Report of Voting Results available on SEDAR+.
The successful passage of all resolutions, particularly the name change, demonstrates shareholder alignment with management's strategic vision. This corporate rebranding to Decimus Oil Corp. may signal a new chapter for the junior oil and gas company as it continues its focus on sustainable growth in Alberta's energy sector. The high approval rates across all resolutions suggest that investors remain confident in the company's leadership and strategic direction despite the challenges facing the energy industry.