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TORC Oil & Gas Ltd. Reports on Voting from the 2015 Shareholders Meeting

May 14, 2015 3:42 PM
CNW

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

CALGARY, May 14, 2015 /CNW/ – TORC Oil & Gas Ltd. (“TORC” or the “Company”) (TSX:TOG) announces that the following matters were voted upon at the annual meeting of the shareholders of TORC held on May 14, 2015 in Calgary, Alberta. Each of the matters is described in greater detail in the Notice of Annual Meeting of Shareholders and Information Circular dated March 31, 2015 (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

#

%

#

%

68,664,935

99.98

13,236

0.02

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

67,024,702

97.59

1,653,469

2.41

John Brussa

57,367,620

83.53

11,310,551

16.47

Raymond Chan

68,113,973

99.18

564,198

0.82

M. Bruce Chernoff

65,391,548

95.21

3,286,623

4.79

Brett Herman

68,331,273

99.49

346,898

0.51

R. Scott Lawrence

66,393,688

96.67

2,284,483

3.33

Dale Shwed

66,827,200

97.30

1,850,971

2.70

Hank Swartout

68,448,939

99.67

229,232

0.33

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

#

%

#

%

68,664,175

99.98

13,996

0.02

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

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