May 15, 2014

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.

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