Tornado Global Hydrovacs Announces Stock Option Grants
20 November 2024 - 9:21AM
Tornado Global Hydrovacs Ltd. (“Tornado” or the “Company”) (TSX-V:
TGH; OTCQX: TGHLF) announces that pursuant to the terms of its
stock option plan, as amended, it granted incentive stock options
for the purchase of up to 3,150,000 common shares of the Company
effective November 19, 2024. 1,150,000 of the stock options were
granted to officers of the Company and 2,000,000 were granted to
certain key employees. All the stock options have an exercise price
of $1.07 per share and expire five years from the date of grant.
About Tornado Global Hydrovacs
Ltd.
Tornado is a pioneer and leader in the vacuum
truck industry and has been a choice of utility and oilfield
professionals with over 1,500 hydrovacs sold since 2005. The
Company designs and manufactures hydrovac trucks as well as
provides heavy duty truck maintenance operations in central
Alberta. It sells hydrovac trucks to excavation service providers
in the infrastructure and industrial construction and oil and gas
markets. Hydrovac trucks use high pressure water and vacuum to
safely penetrate and cut soil to expose critical infrastructure for
repair and installation without damage. Hydrovac excavation methods
are quickly becoming a standard in North America to safely excavate
in urban areas and around critical infrastructure greatly reducing
infrastructure damage and related fatalities.
For more information about Tornado Global
Hydrovacs Ltd., visit www.tornadotrucks.com or contact:
Brett NewtonPresident and Chief Executive OfficerPhone: (587)
802-5070Email: bnewton@tghl.ca |
Derek LiVice President, FinancePhone: (403) 204-6350Email:
dli@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. 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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