Yahoo Finance Voting Results from Annual and Special Meeting of Shareholders held on September 9, 2020
CALGARY, Alberta, Sept. 09, 2020 (GLOBE NEWSWIRE) -- 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%) |
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 Rollins | Al Robertson |
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.
