/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/
CALGARY, March 17, 2014 /CNW/ - TORC Oil & Gas Ltd. ("TORC" or the "Company") (TSX:TOG) is pleased to confirm that a dividend of $0.045 per common share will be paid on April 15, 2014 to common shareholders of record on March 31, 2014. The ex-dividend date is March 27, 2014, with payment to be made in cash or common shares at the election of the shareholder. Any common shareholder choosing to receive common shares rather than cash must submit his or her share dividend authorization form no later than 4:30 p.m. (Calgary time) on the fourth business day immediately prior to the record date for the declared dividend payment, being March 25, 2014. This dividend has been designated as an "eligible dividend" for Canadian income tax purposes.
Share Dividend Program
TORC's Share Dividend Program enables common shareholders to elect to receive dividends in common shares calculated at 95% of the weighted average trading price, for the five days immediately prior to the payment date. Participation in the Share Dividend Program is optional and all fees associated with the Share Dividend Program will be paid by TORC.
The Share Dividend Program has certain tax advantages which are described in more detail in TORC's Information Circular dated August 7, 2013 which is available on SEDAR at www.sedar.com. For further information regarding the Share Dividend Program, please contact Olympia Trust Company at 403-668-8887 or 1-800-727-4493.
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.
SOURCE TORC Oil & Gas Ltd.
Contact
TORC Oil & Gas Ltd. Brett Herman President and Chief Executive Officer Telephone: (403) 930-4120 Facsimile: (403) 930-4159
TORC Oil & Gas Ltd. Jason J. Zabinsky Vice President, Finance and Chief Financial Officer Telephone: (403) 930-4120 Facsimile: (403) 930-4159
Für den Inhalt des Beitrages ist allein der Autor verantwortlich bzw. die aufgeführte Quelle. Bild- oder Filmrechte liegen beim Autor/Quelle bzw. bei der vom ihm benannten Quelle. Bei Übersetzungen können Fehler nicht ausgeschlossen werden. Der vertretene Standpunkt eines Autors spiegelt generell nicht die Meinung des Webseiten-Betreibers wieder. Mittels der Veröffentlichung will dieser lediglich ein pluralistisches Meinungsbild darstellen. Direkte oder indirekte Aussagen in einem Beitrag stellen keinerlei Aufforderung zum Kauf-/Verkauf von Wertpapieren dar. Wir wehren uns gegen jede Form von Hass, Diskriminierung und Verletzung der Menschenwürde. Beachten Sie bitte auch unsere AGB/Disclaimer!
