/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES/
CALGARY, Feb. 18, 2014 /CNW/ - TORC Oil & Gas Ltd. ("TORC" or the
"Company") (TSX:TOG) is pleased to confirm that a dividend of $0.045
per common share will be paid on March 17, 2014 to common shareholders
of record on February 28, 2014. The ex-dividend date is February 26,
2014, with payment to be made in cash or common shares at the election
of the shareholder. Any common shareholder choosing to receive common
shares rather than cash must submit his or her share dividend
authorization form no later than 4:30 p.m. (Calgary time) on the fourth
business day immediately prior to the record date for the declared
dividend payment, being February 24, 2014. This dividend has been
designated as an "eligible dividend" for Canadian income tax purposes.
Share Dividend Program
TORC's Share Dividend Program enables common shareholders to elect to
receive dividends in common shares calculated at 95% of the weighted
average trading price, for the five days immediately prior to the
payment date. Participation in the Share Dividend Program is optional
and all fees associated with the Share Dividend Program will be paid by
The Share Dividend Program has certain tax advantages which are
described in more detail in TORC's Information Circular dated August 7,
2013 which is available on SEDAR at www.sedar.com. For further information regarding the Share Dividend Program, please
contact Olympia Trust Company at 403-668-8887 or 1-800-727-4493.
TORC Oil & Gas Ltd. is a Calgary based company active in the
acquisition, exploration, development and production of crude oil and
natural gas in Western Canada.
SOURCE TORC Oil & Gas Ltd.