News Column

TORC Oil & Gas Ltd. Reports on Voting from the 2014 Shareholders' Meeting

May 15, 2014

/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/

CALGARY, May 15, 2014 /CNW/ - TORC Oil & Gas Ltd. ("TORC" or the "Company") (TSX:TOG) announces that the following matters were voted upon at the annual and special meeting of the shareholders of TORC held on May 15, 2014 in Calgary, Alberta. Each of the matters is described in greater detail in the Notice of Annual and Special Meeting of Shareholders and Information Circular dated April 11, 2014 (the "Circular").

1. Fixing the Number of Directors

By resolution passed via ballot, the number of directors of TORC to be elected at the meeting was fixed at eight. The results of the ballot were as follows:



Votes For   Votes Against
#   %   #   %
53,721,929   99.94   34,585   0.06



2. Election of Directors

By resolution passed via ballot, the following eight nominees were appointed as directors of the Company to serve until the next annual meeting of shareholders of the Company, or until their successors are elected or appointed. The results of the ballot were as follows:



    Votes For   Votes Withheld
Nominee   #   %   #   %
David Johnson   53,400,395   99.42         313,271   0.58
John Brussa   50,423,642   93.87         3,290,024   6.13
Raymond Chan   53,685,830   99.95         27,835   0.05
M. Bruce Chernoff   51,756,286   96.36         1,957,379   3.64
Brett Herman   53,687,565   99.95         26,101   0.05
R. Scott Lawrence   52,869,875   98.43         843,791   1.57
Dale Shwed   53,264,735   99.16         448,931   0.84
Hank Swartout   49,641,497   92.42         4,072,169   7.58



3. Appointment of Auditors

By resolution passed via ballot, KPMG LLP, Chartered Accountants, were appointed as auditors of the Company to hold office until the next annual meeting or until their successors are duly appointed, and the directors were authorized to fix their remuneration. The results of the ballot were as follows:



Votes For   Votes Withheld
#   %   #   %
53,718,701   99.93   37,813   0.07



4. Approval of Reduction of Stated Capital

By special resolution passed via ballot, the reduction in stated capital of TORC's common shares was approved. The results of the ballot were as follows:



Votes For   Votes Against
#   %   #   %
53,567,128   99.73   146,538   0.27



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.


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Source: Canada Newswire


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