CALGARY, May 6, 2020 /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 6,
2020 in Calgary,
Alberta.
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 nine. The results of the
ballot were as follows:
Votes
For
|
|
Votes
Against
|
#
|
|
%
|
|
#
|
|
%
|
123,563,251
|
|
99.78%
|
|
278,586
|
|
0.22%
|
2.
Election of Directors
By resolution passed via ballot, the following nine 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
|
|
122,885,252
|
|
99.23%
|
|
956,585
|
|
0.77%
|
John
Brussa
|
|
105,614,734
|
|
85.28%
|
|
18,227,103
|
|
14.72%
|
Mary-Jo
Case
|
|
122,773,128
|
|
99.14%
|
|
1,068,709
|
|
0.86%
|
M. Bruce
Chernoff
|
|
109,639,323
|
|
88.53%
|
|
14,202,514
|
|
11.47%
|
Catharine de
Lacy
|
|
122,884,980
|
|
99.23%
|
|
956,857
|
|
0.77%
|
John
Gordon
|
|
122,881,996
|
|
99.22%
|
|
959,841
|
|
0.78%
|
Brett
Herman
|
|
122,862,735
|
|
99.21%
|
|
979,102
|
|
0.79%
|
R. Scott
Lawrence
|
|
118,533,602
|
|
95.71%
|
|
5,308,235
|
|
4.29%
|
Dale Shwed
|
|
111,710,747
|
|
90.20%
|
|
12,131,090
|
|
9.80%
|
3.
Appointment of Auditors
By resolution passed via ballot, KPMG LLP, Chartered
Professional 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
|
#
|
|
%
|
|
#
|
|
%
|
124,069,624
|
|
99.91%
|
|
113,205
|
|
0.09%
|
4.
Non-Binding Advisory Resolution on TORC's approach to Executive
Compensation
By resolution passed via ballot, the non-binding advisory
resolution approving TORC's approach to executive compensation was
approved. The results of the ballot were as follows:
Votes
For
|
|
Votes
Withheld
|
#
|
|
%
|
|
#
|
|
%
|
120,310,972
|
|
97.15%
|
|
3,530,865
|
|
2.85%
|
5.
Approval of Reduction of Stated Capital
By special resolution passed via ballot, a reduction of the
stated capital account of TORC's common shares was approved. The
results of the ballot were as follows (1):
Votes
For
|
|
Votes
Withheld
|
#
|
|
%
|
|
#
|
|
%
|
124,182,829
|
|
100.0
|
|
-
|
|
-
|
|
Note:
|
(1)
|
The motion to approve
the reduction of the stated capital was amended at the meeting to
approve a reduction of the stated capital account of TORC's common
shares to $100 million from the original motion to reduce the
stated capital account by $1.3 billion. The results presented are
for the amended motion. A total of 123,380,053 (99.63%) votes for
and 461,779 (0.37%) votes against were cast on the original
motion.
|
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.