Tornado Global Hydrovacs to Begin Trading on the OTCQX® Best Market
May 05 2022 - 8:30AM
Tornado Global Hydrovacs Ltd. (“Tornado”, the “Company”, “we” or
“us”)
(TSX-V: TGH; OTCQX: TGHLF) is pleased to
announce that its Class “A” common shares (“Shares”) will begin
trading on the OTCQX® Best Market today under the symbol
“
TGHLF”. U.S. investors can find current financial
disclosure and Real-Time Level 2 quotes for the Company’s Shares on
www.otcmarkets.com.
By trading on the OTCQX®, the Shares of
Tornado will be available to U.S. investors during U.S. trading
hours and quoted in U.S. dollars. Additionally, trading on the
OTCQX® Best Market provides transparent trading for U.S.
investors. Because Tornado’s Shares are listed on a
qualified international exchange, streamlined market standards
enable us to utilize our Canadian reporting to make our information
available in the U.S. To qualify for OTCQX®, companies must meet
high financial standards, follow best practice corporate governance
and demonstrate compliance with applicable securities laws.
“Trading on OTCQX® is an important step for the
Company as we continue to grow and increase shareholder value,”
said Brett Newton, President and CEO of Tornado. “Trading on the
OTCQX® will make it easier for U.S. investors to invest in Tornado
by eliminating the requirement for a Canadian trading account and
will also promote greater liquidity for our Shares.”
The Company’s Shares will continue to trade on
the TSX-V under the symbol “TGH”.
About Tornado Global Hydrovacs
Ltd.Tornado is a pioneer and leader in the vacuum truck
industry and has been a choice of oilfield and utility
professionals with over 1,000 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.
For more information about Tornado Global
Hydrovacs Ltd., visit www.tornadotrucks.com or contact:
Brett NewtonPresident & Chief
Executive OfficerPhone: (416) 522-6390Email: bnewton@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. Such statements include the statement with
respect to: (i) management’s belief that the Company will continue
to grow and increase shareholder value; (ii) management’s belief
that trading on OTCQX® will make it easier for our U.S. investors
to invest in Tornado; and (iii) management’s belief that trading on
the OTCQX® will promote greater liquidity for our Shares. 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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