Voting Results from Annual and Special Meeting of Shareholders held on September 9, 2020
10 September 2020 - 7:32AM
Tornado Global Hydrovacs Ltd. (“Tornado” or the “Company”) (TGH:
TSX-V) today reported the voting results from its Annual and
Special Meeting of Shareholders held on September 9, 2020 (the
“Meeting”).
All of the six nominees proposed by management
for election to the Board of Directors at the Meeting and listed in
the Company’s Management Information Circular dated August 3, 2020
were elected. The directors elected at the Meeting will hold office
until the next annual meeting of shareholders, or until their
successors are elected or appointed.
The results of the vote on the election of the
Board of Directors are as follows:
Director Nominee |
Votes For |
Votes Withheld |
Guy Nelson |
73,634,999 (99.99%) |
1,312 (0.01%) |
James Chui |
73,631,874 (99.99%) |
4,437 (0.01%) |
Darrick Evong |
73,634,738 (99.99%) |
1,573 (0.01%) |
Chuyu Wu |
73,630,874 (99.99%) |
5,437 (0.01%) |
George Tai |
73,630,613 (99.99%) |
5,698 (0.01%) |
Robert Marshall |
73,496,999 (99.81%) |
139,312 (0.19%) |
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Additionally, resolutions were passed at the
Meeting approving: (i) the appointment of MNL LLP as auditors of
the Company, passed with 99.99% of votes cast in favour; and (ii)
the re-approval of the Company’s Stock Option Plan, passed with
99.88% of votes cast in favour.
Mr. Nelson provided an overview of the Company’s
business and outlook which is described in a presentation now
available on the Company’s website at www.tornadotrucks.com.
About Tornado Global Hydrovacs
Ltd.
The Company designs, manufactures hydrovac
trucks in Canada and sells hydrovac trucks for excavation service
providers to the municipal and oil and gas markets in Canada and
the USA. Hydrovac trucks use high pressure water to pulverize soil
and turn it into mud, and then vacuum up the resulting mud into its
tank. Tornado currently operates in North America. In China, the
Company’s subsidiary is used principally to source certain parts to
the Company’s North America operations.
For more information about Tornado Global
Hydrovacs Ltd., visit www.tornadotrucks.com or contact:
Bill RollinsChief Executive OfficerPhone: (403) 204-6333Email:
brollins@tghl.ca |
Al RobertsonChief Financial OfficerPhone: (403) 204-6363Email:
arobertson@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. 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. 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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