TORR Canada Receives Conditional Approval for Graduation to the Toronto Stock Exchange
Montreal, Canada (ots/PRNewswire)
TORR Canada Inc. (TSX-V: TOR)
("TCI"), a leader in the extraction of hydrocarbons from produced
water, announces today that it has received conditional approval to
list its common shares and common share purchase warrants on the
Toronto Stock Exchange ("TSX").TCI's common shares are currently traded on the TSX Venture Exchange under the symbol "TOR" and its common share purchase warrants under the symbol "TOR.WT". TCI will maintain trading under the same stock symbols on the TSX.
Subject to receipt of final approval, it is anticipated that the Corporation's common shares and share purchase warrants will commence trading on the TSX on Thursday, September 14, 2006.
"The graduation to the TSX is another example of our commitment to execute our strategy. The contracts signed in the last twelve months, our strong balance sheet, and the graduation to the TSX are some indications of the progress we've made since last year. We also believe that our ascension to the TSX could enable us to potentially reach a broader base of investors in the long term," said Alain Ferland, President and Chief Executive Officer of TCI.
About TORR Canada Inc.
TCI is dedicated to providing water treatment solutions to the oil
and gas industry. TCI designs, develops, manufactures and
commercializes Reusable Petroleum Absorbent ("RPA") technologies to
separate oil and water in produced water generated by oil and gas
production. For more information , please visit www.torrcanada.com.Caution concerning forward-looking statements
This press release contains forward-looking statements. Such statements inherently involve numerous risks and uncertainties. Actual future results may differ from the anticipated results expressed in the forward-looking statements contained in this press release and TCI does not undertake to update this information. Investors are cautioned against placing undue importance on forward-looking information contained herein and should consult the final short form prospectus and the documents incorporated by reference therein, which contain a more exhaustive analysis of risks and uncertainties connected to TCI's business.
THE TSX VENTURE EXCHANGE, INC. HAS NEITHER APPROVED NOR DISAPPROVED THE CONTENTS OF THIS PRESS RELEASE.
Contact:
For further information: TORR Canada Inc., Jacques L. Drouin, Chief
Financial Officer and Secretary, +1-(514)-522-5550, ext. 226,
jdrouin@torrcanada.com; The Equicom Group Inc., Eric Bouchard,
+1-(514)-844-7997, ebouchard@equicomgroup.com