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

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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.

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