TORC Oil & Gas Ltd. Reports on Voting from the 2017 Shareholders Meeting

CALGARY, May 9, 2017 /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 9, 2017 in Calgary, Alberta. Each of the matters is described in greater detail in the Notice of Annual Meeting of Shareholders and Information Circular – Proxy Statement dated March 27, 2017 (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 seven. The results of the ballot were as follows:

Votes For


Votes Against

#


%


#


%

118,107,744


99.78


265,430


0.22

 

2.  Election of Directors

By resolution passed via ballot, the following seven 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


115,819,521


98.13


2,203,083


1.87

John Brussa


106,018,419


89.83


12,004,185


10.17

Raymond Chan


115,743,235


98.07


2,279,369


1.93

M. Bruce Chernoff


107,437,932


91.03


10,584,672


8.97

Brett Herman


116,937,310


99.08


1,085,294


0.92

R. Scott Lawrence


109,915,276


93.13


8,107,328


6.87

Dale Shwed


107,540,623


91.12


10,480,481


8.88

 

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

#


%


#


%

118,297,917


99.94


75,257


0.06

 

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

#


%


#


%

116,536,304


98.74


1,484,800


1.26

 

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: Brett Herman, President and Chief Executive Officer, TORC Oil & Gas Ltd., Telephone: (403) 930-4120, Facsimile: (403) 930-4159; Jason J. Zabinsky, Vice President, Finance and Chief Financial Officer, TORC Oil & Gas Ltd., Telephone: (403) 930-4120, Facsimile: (403) 930-4159; www.torcoil.com

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