High Arctic Announces TSX Venture Exchange Conditional Approval of Listing of SpinCo Shares
High Arctic Announces TSX Venture Exchange Conditional Approval of Listing of SpinCo Shares
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CALGARY, Alberta, Aug. 02, 2024 (GLOBE NEWSWIRE) -- High Arctic Energy Services Inc. (TSX: HWO) ("High Arctic" or the "Corporation") is pleased to announce that the TSX Venture Exchange (the "TSXV") has conditionally approved the listing on the TSXV of the common shares ("SpinCo Common Shares") of High Arctic Overseas Holdings Corp. ("SpinCo"), pursuant to the terms of the previously announced reorganization of High Arctic to separate the Corporation's North American and Papua New Guinea businesses, by way of a court-approved plan of arrangement (the "Arrangement") between the Corporation and SpinCo.
加拿大阿爾伯塔省，2024年8月2日(GLOBE NEWSWIRE)——High Arctic Energy Services Inc. (TSX:HWO)(“High Arctic”或“公司”)很高興宣佈，多倫多證券交易所風險投資交易所(TSXV)已經有條件地批准了High Arctic Overseas Holdings Corp. (“SpinCo”)的普通股票(“SpinCo Common Shares”)在TSXV上市，根據之前宣佈的High Arctic的重組計劃的條款，分離了公司的北美和巴布亞新幾內亞業務，這是通過公司和SpinCo之間經過法院批准的安排計劃(“Arrangement”)實現的。
It is a condition of closing of the Arrangement that the TSXV, or another acceptable stock exchange, approve the listing of the SpinCo Common Shares. As previously announced, the Toronto Stock Exchange (the "TSX") has conditionally approved the listing on the TSX of the new common shares of High Arctic ("New High Arctic Common Shares") to be issued to Shareholders on completion of the Arrangement.
Arrangement的完成有一個前提條件，即TSXV或另一個可接受的股票交易所批准SpinCo Common Shares的上市。 正如之前宣佈的，多倫多證券交易所(TSX)已經有條件地批准了High Arctic(“新High Arctic Common Shares”)的新普通股票，在Arrangement完成後向股東發行。
As at the closing of the Arrangement, which is now expected to occur on or about August 9, 2024, each High Arctic shareholder will receive one-quarter of one (1/4) SpinCo Common Share and one-quarter of one (1/4) New High Arctic Common Share for each current common share of High Arctic held. The Arrangement was approved by Shareholders, along with a distribution of $0.76 per share to its Shareholders by way of return of capital (the "Return of Capital") and other matters, at the annual general and special meeting held on June 17, 2024.
在Arrangement完成時，預計將在2024年8月9日左右，每個High Arctic的股東將根據所持有的當前股份獲得1/4的SpinCo Common Share和1/4的新High Arctic Common Share。 Arrangement經過股東的批准，隨着每股分配0.76美元作爲股東的資本回報(“Return of Capital”)和其他事項，在2024年6月17日舉行的年度股東大會和特別會議上獲得了批准。
The Arrangement remains subject to the satisfaction of closing conditions, including the final approval from the TSX for the listing of the New High Arctic Common Shares, and the final approval from the TSXV for the listing of the SpinCo Common Shares.
Arrangement仍然需要滿足完成條件，包括TSX最終批准新High Arctic Common Shares的上市，以及TSXV最終批准SpinCo Common Shares的上市。
For more information on the Arrangement and the Return of Capital, please see the management information circular of the Corporation dated May 9, 2024, and news releases dated May 11, 2024, May 21, 2024, May 29, 2024, June 12, 2024, June 18, 2024, June 27, 2024, June 28, 2024 and July 31, 2024 available on the Corporation's SEDAR+ profile at .
有關Arrangement和Return of Capital的更多信息，請參閱公司於2024年5月9日發佈的管理信息圓形及其在公司SEDAR+檔案中提供的新聞稿，包括2024年5月11日、5月21日、5月29日、6月12日、6月18日、6月27日、6月28日和7月31日。
About High Arctic
關於High Arctic
High Arctic is an energy services provider. High Arctic is a market leader in Papua New Guinea providing drilling and specialized well completion services and supplies rental equipment including rig matting, camps, material handling and drilling support equipment. In western Canada, High Arctic provides pressure control and equipment supporting the high-pressure stimulation of oil and gas wells on a rental basis to exploration and production companies, from its bases in Whitecourt and Red Deer, Alberta.
High Arctic是一家能源服務提供商，業務遍及全球。High Arctic在巴布亞新幾內亞市場領導提供鑽探和專業井完成服務，供應出租設備包括鑽井墊、營地、物料處理和鑽井支持設備。在加拿大西部，High Arctic爲勘探和生產公司提供高壓刺激油氣井的壓力控制和設備。公司位於艾伯塔省的懷特考特和雷德迪爾。
For further information, please contact:
如需更多信息，請聯繫：丹·努恩（Dan Noone）
Lonn Bate
Chief Financial Officer
1.587.318.2218
1.800.668.7143
Lonn Bate
致富金融(臨時代碼)
1.587.318.2218
1.800.668.7143
High Arctic Energy Services Inc.
Suite 2350, 330–5th Avenue SW
Calgary, Alberta, Canada T2P 0L4
website:
Email: info@haes.ca
艾卡聖路易斯能源服務公司。
Suite 2350, 330–5th Avenue SW
Calgary, Alberta, Canada T2P 0L4
website:
電子郵件：info@haes.ca
Forward-Looking Statements
前瞻性聲明
This press release contains forward-looking statements. When used in this document, the words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "seek", "propose", "estimate", "expect", and similar expressions are intended to identify forward-looking statements. Such statements reflect the Corporation's current views with respect to future events and are subject to certain risks, uncertainties and assumptions. Many factors could cause the Corporation's actual results, performance or achievements to vary from those described in this press release. Should one or more of these risks or uncertainties materialize, or should assumptions underlying forward-looking statements prove incorrect, actual results may vary materially from those described in this press release as intended, planned, anticipated, believed, estimated or expected. Specific forward-looking statements in this press release include, but are not limited to, statements pertaining to the following: the Corporation's ability to obtain final TSXV approval for the listing of the SpinCo Common Shares, the Corporation's ability to obtain final approval of the TSX for the listing of the New High Arctic Common Shares, and the closing of the Arrangement. The Corporation's actual results could differ materially from those anticipated in these forward-looking statements as a result of the risk factors set forth above and elsewhere in this press release. The forward-looking statements contained in this press release are expressly qualified in their entirety by this cautionary statement. These statements are given only as of the date of this press release. The Corporation does not assume any obligation to update these forward-looking statements to reflect new information, subsequent events or otherwise, except as required by law.
本新聞稿包含前瞻性陳述。在本文檔使用時，“可能”，“將”，“可能”，“意圖”，“計劃”，“預期”，“相信”，“尋求”，“建議”，“估算”，“期望”等類似的詞彙旨在識別前瞻性聲明。這些聲明反映了公司對未來事件的當前觀點，並受到特定風險、不確定性和假設的影響。許多因素可能會使公司的實際結果、績效或成就與本新聞稿所述的結果有所不同。如果這些風險或不確定性之一成爲現實，或者前瞻性陳述的基礎假設證明不正確，實際結果可能會與本新聞稿中預期的結果有所不同。本新聞稿中的具體前瞻性聲明包括但不限於以下內容：公司能否獲得SpinCo Common Shares上市的最終TSXV批准，公司是否能夠獲得TSX的最終批准以上市新的High Arctic Common Shares和完成Arrangement。本新聞稿中的前瞻性聲明在其整體上受到此警告聲明的明確限制。這些聲明僅作爲本新聞稿的發佈日期。公司不承擔任何更新前瞻性陳述以反映新信息、隨後的事件或其他情況的義務，除非法律要求。
譯文內容由第三人軟體翻譯。