Tornado Global Hydrovacs Announces Cancellation and Rescheduling of Annual General and Special Meeting of Shareholders
July 22 2024 - 4:43PM
Tornado Global Hydrovacs Ltd. (“Tornado” or the “Company”) (TSX-V:
TGH; OTCQX: TGHLF) announced today that its annual general and
special meeting of shareholders (the “AGM”), which was originally
scheduled to be held on Wednesday August 21, 2024, has been
cancelled and rescheduled to be held on Tuesday September 24, 2024.
The Company’s Board of Directors determined that it would be in the
best interest of the Company to reschedule the AGM for a variety of
reasons, including a potential change to at least one resolution.
Further details on the rescheduled AGM will be
contained in a new Notice of Meeting and Management Information
Circular that will be mailed to the shareholders of the Company as
of the new record date and filed on SEDAR+.
Additionally, Brett Newton, President and CEO of
Tornado, shared insights on the Company's performance, stating, “As
we announce the rescheduling of our AGM, I am pleased to share that
the market demand for our hydrovac trucks remains robust. To meet
this growing demand, we are actively increasing our production
capacity. Additionally, we are dedicated to innovation and are
currently developing new products that will further enhance our
offerings. Our commitment to excellence and innovation ensures that
we continue to provide top-quality solutions for our
customers.”
About Tornado Global Hydrovacs
Ltd.
Tornado is a pioneer and leader in the vacuum
truck industry and has been a choice of utility and oilfield
professionals with over 1,400 hydrovacs sold since 2005. The
Company designs and manufactures hydrovac trucks as well as
provides heavy duty truck maintenance operations in central
Alberta. It sells hydrovac trucks to excavation service providers
in the infrastructure and industrial construction and oil and gas
markets. Hydrovac trucks use high pressure water and vacuum to
safely penetrate and cut soil to expose critical infrastructure for
repair and installation without damage. Hydrovac excavation methods
are quickly becoming a standard in North America to safely excavate
in urban areas and around critical infrastructure greatly reducing
infrastructure damage and related fatalities.
For more information about Tornado Global
Hydrovacs Ltd., visit www.tornadotrucks.com or contact:
Brett NewtonPresident and Chief Executive OfficerPhone: (587)
802-5070Email: bnewton@tghl.ca |
Derek LiVice President, FinancePhone: (403) 204-6350Email:
dli@tghl.ca |
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Advisory
Certain statements contained in this news
release constitute forward-looking statements. These statements
relate to future events. All statements other than statements of
historical fact are forward-looking statements. The use of the
words “anticipates”, “should”, ‘‘may”, “expected”, “expects”,
“believes” and other words of a similar nature are intended to
identify forward-looking statements. These statements involve known
and unknown risks, uncertainties and other factors that may cause
actual results or events to differ materially from those
anticipated in such forward-looking statements. Although Tornado
believes these statements to be reasonable, no assurance can be
given that these expectations will prove to be correct and such
forward-looking statements included in this news release should not
be unduly relied upon. Such statements include those with respect
to the potential change to at least one resolution, the anticipated
mailing and filing on SEDAR+ of a new Notice of Meeting and
Management Information Circular to the shareholders of the Company
as of the new record date, the anticipated increase in production
capacity, and the anticipated development of new products that are
expected to enhance the Company’s service offerings. These
statements involve known and unknown risks, uncertainties and other
factors that may cause actual results or events to differ
materially from those anticipated in such forward-looking
statements. Actual results could differ materially from those
anticipated in these forward-looking statements as a result of
prevailing economic conditions, and other factors, many of which
are beyond the control of Tornado. Although Tornado believes these
statements to be reasonable, no assurance can be given that these
expectations will prove to be correct and such forward-looking
statements included in this news release should not be unduly
relied upon. The forward-looking statements contained in this news
release represent Tornado’s expectations as of the date hereof and
are subject to change after such date. Tornado disclaims any
intention or obligation to update or revise any forward-looking
statements whether as a result of new information, future events or
otherwise, except as may be required by applicable securities
regulations.
Neither the Exchange nor its Regulation
Service Provider (as that term is defined in policies of the
Exchange) accepts responsibility for the adequacy or accuracy of
this news release.
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