MONTREAL, Dec. 19 /CNW/ - TORR Canada Inc. (TSX: TOR) ("TCI"), dedicated
to providing solutions to the oil and gas industry, announces the results of
its Annual and Special Meeting held earlier today. At the meeting, all matters
put before the shareholders were approved, including the appointment of
Raymond Chabot Grant Thornton as auditors of TCI and the proposed Restricted
Share Unit Plan. For further details, please see the management proxy circular
available on www.sedar.com.
The Board of Directors also approved the grant of 445,000 stock options
to purchase common shares of TCI at the price of $0.31 per share to selected
employees formerly with Pure Group. The stock options vest in four equal
tranches over the next three years.
About TORR Canada Inc.
TCI is dedicated to providing solutions to the oil and gas industry. TCI
designs, develops, manufactures and commercializes technologies to separate
oil, water and gas generated by oil and gas production. TCI recently acquired
Pure Group AS of Norway. For more information, please visit
Caution concerning forward-looking statements
This press release contains forward-looking statements. Such statements
inherently involve numerous risks and uncertainties. Actual future results may
differ from the anticipated results expressed in the forward-looking
statements contained in this press release and TCI does not undertake to
update this information. Investors are cautioned against placing undue
importance on forward-looking information contained herein and should consult
the final short form prospectus and the documents incorporated by reference
therein, which contain a more exhaustive analysis of risks and uncertainties
connected to TCI's business.
For further information:
For further information: TORR Canada Inc., Jacques L. Drouin, President
& CEO, (514) 522-5550, ext. 226, email@example.com; The Equicom Group
Inc., Investor Relations, Danielle Ste-Marie, (514) 844-6064,