/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") (News - Market indicators) 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.
For further information:
TORC Oil & Gas Ltd.
Brett Herman
President and Chief Executive Officer
Telephone: (403) 930‐4120
Facsimile: (403) 930‐4159
TORC Oil & Gas Ltd.
Jason J. Zabinsky
Vice President, Finance and Chief Financial Officer
Telephone: (403) 930‐4120
Facsimile: (403) 930‐4159
www.torcoil.com