Tornado Announces Stock Option Grants
09 February 2021 - 12:00AM
Tornado Global Hydrovacs Ltd. (“Tornado” or the “Company”) (TGH:
TSX-V) announces that pursuant to the terms of its stock option
plan it granted incentive stock options for the purchase of up to
1,300,000 common shares effective February 5, 2021. 650,000 of the
stock options were granted to a new Director and the balance of the
stock options were granted to two senior employees and a strategic
consultant. All of the stock options have an exercise price of
$0.23 per share and are subject to TSX Venture Exchange approval.
About Tornado Global Hydrovacs
Ltd.
The Company designs and manufactures hydrovac
trucks and provides heavy duty truck maintenance operations in
central Alberta. It sells hydrovac trucks to excavation service
providers in the infrastructure and industrial markets in Canada
and the USA as well as provides heavy duty truck parts and services
in Alberta. Hydrovac trucks use high pressure water to pulverize
soil and turn it into mud, and then vacuum up the resulting mud
into its tank. 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 Rollins |
Guy Nelson |
Chief Executive Officer |
Non-Executive Chairman |
Phone: (403) 204-6333 |
Phone: (416) 366 -7977 |
Email: brollins@tghl.ca |
Email: gnelson@tghl.ca |
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 the statement with
respect to receipt of the approval of the TSX Venture Exchange of
the option grants. 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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