TORC Oil & Gas Ltd. announced that it expects to pay dividend of 10 cents per share per annum (pre-consolidation), payable monthly. The company expects to pay the first dividend to shareholders of record as at September 30, 2013, on October 15, 2013, assuming the acquisition closes by mid-September.

The company announced the company's will include John Brussa, Raymond Chan(chairman), Bruce Chernoff, Herman, Dave Johnson, Dale Shwed, Hank Swartout and Scott Lawrence from Canada Pension Plan Investment Board.