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/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/
TORC Oil & Gas Ltd. ("TORC" or the "Company") (TSX:TOG.TO) is pleased to confirm that a dividend of $0.025 per common share will be paid on December 16, 2019 to common shareholders of record on November 30, 2019. The ex-dividend date is November 28, 2019, with payment to be made in cash or common shares at the election of the shareholder. Any common shareholder choosing to receive common shares rather than cash must submit his or her share dividend authorization form no later than 4:30 p.m. (Calgary time) on the fourth business day immediately prior to the record date for the declared dividend payment, being November 26, 2019. This dividend has been designated as an "eligible dividend" for Canadian income tax purposes.
Share Dividend Program
TORC's Share Dividend Program enables common shareholders to elect to receive dividends in common shares at the weighted average trading price for the five days immediately prior to the payment date. Participation in the Share Dividend Program is optional and all fees associated with the Share Dividend Program will be paid by TORC.
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