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Tornado Global Hydrovacs Expands Line of Business, The Canadian Business Journal

Calgary, Alberta, November 11, 2022 (GLOBE NEWSWIRE) — Tornado Global Hydrovacs Ltd.tornado“, “Company“we” or “we”) (TSX-V: TGH; OTCQX: TGHLF) announced that it has amended its credit facility with Toronto-Dominion Bank (“TD”) (the “Credit Facility”), increasing its revolving operational credit facility from $3 million to $6 million (“Management Facility”). I will. ).

Tornado CEO Brett Newton said: “Our relationship with TD has grown stronger since our first funding round in July 2021, and the increase in our operating line reflects our growth and operational performance.”

All other terms of the credit facility, including collateral and covenants, remain unchanged.

About Tornado Global Hydrovacs
Tornado is a pioneer and leader in the vacuum truck industry, having sold over 1,000 Hydrovacs since 2005 and has been the choice of oilfield and utility professionals. The company designs and manufactures Hydroback his trucks in central Alberta and provides heavy truck maintenance operations. We sell hydro back trucks to drilling service providers in the infrastructure and industrial construction, oil and gas markets. Hydrovac trucks use high-pressure water and vacuum to safely penetrate and cut soil to repair and install critical infrastructure without exposing and damaging it. Hydrovac drilling methods are fast becoming the standard in North America for safely drilling around urban areas and critical infrastructure, significantly reducing infrastructure damage and related fatalities. Our subsidiary in China is primarily used to source certain parts for our North American operations.

For more information on Tornado Global Hydrovacs Ltd., please visit: www.tornado trucks.com or contact:

Brett Newton
President and Chief Executive Officer
Phone: (587) 802-5070
Email: [email protected]

advisory

Certain statements contained in this news release constitute forward-looking statements and forward-looking financial information. These statements relate to future events. All statements other than statements of historical fact are forward-looking statements or forward-looking financial information. The use of “anticipate,” “should,” “could,” “expect,” “expect,” “believe,” and other words of a similar nature refer to forward-looking statements. It is intended to identify descriptive or forward-looking financial information. These statements involve known and unknown risks, uncertainties and other factors and actual results or events may not be projected in the forward-looking statements or, where applicable, forward-looking financial information. may differ significantly from those presented. Although Tornado believes these statements are reasonable, there is no assurance that these expectations will prove correct and undue reliance should not be placed on the forward-looking statements contained in this news release. Such statements include statements regarding our ability to manage business growth. The forward-looking statements and forward-looking financial information contained in this news release represent Tornado’s expectations as of the date hereof and are subject to change after that date. Tornado disclaims any intention or obligation to update or revise any forward-looking statements and forward-looking financial information, whether as a result of new information, future events or otherwise, except as required by applicable securities regulations. To do.

Neither the Exchange nor its regulated service provider (as that term is defined in the Exchange’s Policy) is responsible for the adequacy or accuracy of this news release.


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Tornado Global Hydrovacs Expands Line of Business, The Canadian Business Journal

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