CALGARY, Alberta, Nov. 21, 2017 (GLOBE NEWSWIRE) — Tornado Global Hydrovacs Ltd. (TSX-V:TGH) (“Tornado” or the “Company”) announces that it granted an aggregate of 8,400,000 stock options (“Options”) pursuant to its stock option plan of which 5,750,000 stock options were granted to a total of 8 directors and officers of the Company effective today. All Options were granted at an exercise price of $0.11 per share. 2,700,001 stock options shall vest on November 21, 2017, 2,400,001 stock options shall vest on November 21, 2018, and 3,299,998 stock options shall vest on November 21, 2019. All the Options expire on November 21, 2022.
About Tornado Global Hydrovacs Ltd.
The Company designs and manufactures hydrovac trucks in Canada and sells hydrovac trucks for excavation service providers to the oil and gas industry and the municipal 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. The Company intends to expand its hydrovac business into China and has established a wholly owned operation in China with a head office in Beijing.
For more information about Tornado Global Hydrovacs Ltd., visit www.tornadotrucks.com or contact:
Chief Executive Officer
Phone: (403) 204-6333
Chief Financial Officer
Phone (403) 204-6363
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