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Texas Vanguard Oil Company adjourns Special Meeting of Shareholders

Austin, Texas, Sept. 24, 2014 (GLOBE NEWSWIRE) -- Texas Vanguard Oil Company (Pink Sheets: TVOC) announced that the special meeting of shareholders, originally scheduled for September 24, 2014, has been adjourned for three weeks, to October 15, 2014. The purpose of the postponement is to permit the Company to obtain a second independent valuation of its non-operated oil and gas properties. The Company's intent to adjourn the meeting had been previously announced on September 18, 2014.

After calling the meeting to order and determining that a quorum of shareholders was present in person or by proxy, Chairperson Linda R. Watson adjourned the meeting upon a motion to fix a time to adjourn the meeting, which was duly seconded and adopted by voice vote. No other action was taken at the September 24 meeting.

The vote scheduled for the shareholders' meeting on September 24, 2014, has been postponed until October 15, 2014. The meeting on October 15, 2014, will be held at the office of Strasburger & Price, LLP, 720 Brazos Street, Suite 700, Austin, Texas 78701.

Source:Texas Vanguard Oil Company