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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Torquay Oil Corp Class A | TSXV:TOC.A | TSX Venture | Ordinary Share |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.00 | - |
THIS NEWS RELEASE IS NOT FOR DISSEMINATION OR DISTRIBUTION IN THE UNITED STATES, TO UNITED STATES NEWS WIRE SERVICES OR TO UNITED STATES PERSONS. Torquay Oil Corp. (TSX VENTURE:TOC.A) (TSX VENTURE:TOC.B) ("Torquay" or the "Company") is pleased to announce that it has completed its previously announced non-brokered private placement to Alex Verge, a director of the Company, of 450,000 Class A Shares at a price of $0.22 per share for gross proceeds of $99,000.00, to be used for general corporate purposes. The Class A Shares issued under the private placement are subject to a hold period expiring September 9, 2012. The Company also announces that it has granted an aggregate of 900,000 stock options to directors, officers, employees and consultants of the Company pursuant to Torquay's incentive stock option plan, of which 620,000 stock options were granted to directors and officers. All of the options are exercisable at a price of $0.22 per share, vest one-third on the first, second and third anniversaries of the date of grant and expire five years from the date of grant. Torquay is a uniquely positioned, oil focused, junior exploration company formed to generate and develop its own prospects, acquire oil-weighted properties and participate with joint venture partners in oil exploration and development in the Western Canadian Sedimentary Basin. The Company's Class A Shares and Class B Shares trade on the TSX Venture Exchange under the symbols TOC.A and TOC.B. The Company currently has 48,659,448 Class A Shares and 1,260,000 Class B Shares outstanding.
1 Year Torquay Oil Corp Class A Chart |
1 Month Torquay Oil Corp Class A Chart |
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