Arrow Exploration Corp. (LSE:AXL) announced that shareholders approved all resolutions at its annual general meeting held on 18 September 2026, including the election of directors, reappointment of its auditor and amendments to its stock option plan.
The oil and gas company also confirmed the appointment of ICP Securities Inc. to provide automated market making services for its shares on the TSX Venture Exchange.
The market making agreement took effect on 1 September 2026 and has an initial four-month term, followed by automatic monthly renewals.
Shareholders Approve AGM Resolutions
Arrow Exploration confirmed that shareholders approved maintaining the company’s board at five directors during its annual general meeting.
All director nominees were elected, while Ernst & Young LLP was reappointed as the company’s auditor.
Shareholders also approved amendments to Arrow’s stock option plan.
The company did not provide individual voting percentages or further details of the amendments in the supplied announcement.
The resolutions cover the company’s board composition, external audit arrangements and equity-based incentive structure.
ICP Securities Appointed as Market Maker
Arrow has engaged Toronto-based ICP Securities Inc. to provide automated market making services for its shares traded on the TSX Venture Exchange.
The appointment is intended to improve trading liquidity and efficiency by addressing short-term imbalances between buy and sell orders.
ICP will use its proprietary trading algorithm, ICP Premium®, to carry out the market making activities.
The arrangement relates to Arrow’s TSX Venture Exchange listing. The company is also listed on London’s AIM market under the ticker LSE:AXL.
Agreement Includes Fixed Fees and No Option Grants
The agreement between Arrow Exploration and ICP Securities became effective on 1 September 2026.
It has an initial term of four months, after which it will continue through rolling monthly renewals.
Arrow confirmed that the arrangement is conducted on an arm’s length basis.
ICP will receive fixed-fee compensation for its services, with no performance-based payments or stock option grants included in the agreement.
The company has not disclosed the monetary value of the fixed fees in the supplied announcement.
The market making appointment is intended to support trading activity, although its effect on liquidity will depend on subsequent market conditions.
Arrow Exploration’s Oil and Gas Portfolio
Arrow Exploration is an oil and gas company with assets in Colombia and Canada.
Its operations are concentrated in Colombia’s Llanos, Middle Magdalena Valley and Putumayo basins, where the company holds predominantly operated assets with high working interests.
The portfolio includes light oil production linked to Brent crude pricing.
Arrow’s operating strategy focuses on developing its existing hydrocarbon assets and advancing production from its portfolio.
Corporate Update
The AGM approvals confirm Arrow’s board composition, auditor appointment and amendments to its stock option plan.
Separately, ICP Securities has begun its market making engagement under the agreement effective from 1 September 2026.
The initial four-month arrangement will be followed by monthly renewals, with compensation limited to fixed fees and no performance-related payments or option grants.
The company has not provided quantitative targets for the market making programme or specified an expected increase in trading liquidity.
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