Torque Energy Inc.

Torque Energy Inc.

May 20, 2011 16:21 ET

Torque Sets Date of Shareholder Meeting to Consider Eurogas Transaction

LONDON, ONTARIO--(Marketwire - May 20, 2011) - Torque Energy Inc. (TSX VENTURE:TQE) announces that an Annual and Special General Meeting of its shareholders will be held on Thursday, June 30th, 2011 at 9:00 a.m. The meeting location is to be determined.

On April 29, 2011, Torque accepted an offer from Eurogas Corporation, subject to receipt of a favourable fairness opinion and regulatory and shareholder approvals, whereby Torque will become a wholly-owned subsidiary of Eurogas. That transaction will be voted upon at the meeting.

The Company has retained Jennings Capital Inc. of Calgary, Alberta to prepare the fairness opinion. Receipt of Jenning's opinion is expected prior to mailing of the proxy material on or about June 6th.

Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Torque Energy Inc.
    Brian E. Bayley
    President & CEO
    604.681.4692 (FAX)

    Torque Energy Inc.
    David C. Nelms
    Chief Financial Officer
    519.433.7588 (FAX)