15:35:50 EDT Wed 08 May 2024
Enter Symbol
or Name
USA
CA



Tornado Global Hydrovacs Ltd
Symbol TGH
Shares Issued 135,871,119
Close 2023-08-29 C$ 0.51
Market Cap C$ 69,294,271
Recent Sedar Documents

Tornado Global grants options to buy 5.3 million shares

2023-08-31 17:19 ET - News Release

Mr. Brett Newton reports

TORNADO GLOBAL HYDROVACS ANNOUNCES STOCK OPTION GRANTS

Pursuant to the terms of its stock option plan, as amended, Tornado Global Hydrovacs Ltd. has granted incentive stock options for the purchase of up to 5.3 million common shares of the company, effective Aug. 31, 2023. Of these, 4.2 million of the stock options were granted to directors and officers and 1.1 million were granted to certain key employees. Such stock options have an exercise price of 51 cents per share and are subject to the approval of the TSX Venture Exchange.

About Tornado Global Hydrovacs Ltd.

Tornado Global is a pioneer and leader in the vacuum truck industry and has been a choice of oil field and utility professionals with over 1,200 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 the North America to safely excavate in urban areas and around critical infrastructure, greatly reducing infrastructure damage and related fatalities. In China, the company's subsidiary is used principally to source certain parts to the company's North America operations.

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