DIVERGENT Energy Services Announces Closing of Shares for Interest Transaction
DIVERGENT Energy Services Announces Closing of Shares for Interest Transaction
CALGARY, Alberta, Jan. 02, 2024 (GLOBE NEWSWIRE) -- DIVERGENT Energy Services Corp. (the "Corporation") announces that it has closed its shares for interest transaction by electing to satisfy the interest obligation on its debentures ("Debentures") in the amount of $36,232.88 due on December 31, 2023 (the "Interest Obligation") by the issuance of 1,767,458 common shares of the Corporation ("Common Shares") at a deemed price of $0.0205 per Common Share to the holders of Debentures.
艾伯塔省卡爾加里，2024年1月2日（GLOBE NEWSWIRE）——DIVERGENT Energy Services Corp.（“公司”）宣佈，它已關閉股票進行利息交易，選擇通過發行1,767,458股普通股來償還2023年12月31日到期的36,232.88美元的債券（“債券”）的利息義務（“利息義務”）向債券持有人按每股普通股0.0205美元的認定價格向公司（“普通股”）。
The transaction is subject to the final approval of the TSX Venture Exchange ("TSXV") and is pursuant to the Corporation's right to satisfy its interest obligation owed on the Debentures. The Common Shares issued pursuant to the Interest Obligation are subject to the minimum pricing rules of the TSXV and a hold period to May 1, 2024 in accordance with applicable securities legislation and the TSXV requirements.
該交易有待多倫多證券交易所（“TSXV”）的最終批准，並符合公司履行債券所欠利息義務的權利。根據利息義務發行的普通股受多倫多證券交易所的最低定價規則的約束，根據適用的證券立法和多倫多證券交易所的要求，持有期至2024年5月1日。
The issuance of the Common Shares may be deemed to be a "related party transaction" as defined under Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101") as approximately 39,960 Common Shares (subject to rounding) will be issued to Directors and/or Officers of the Corporation and approximately 690,694 Common Shares (subject to rounding) will be issued to two non-management shareholders that each hold greater than 10% of the outstanding Common Shares. The Corporation did not file a material change report more than 21 days before the closing date of the transaction because the Corporation's decision to settle the Interest Obligation for December 31, 2023 by issuing Common Shares was not determined until December 13, 2023. The issuance of the Common Shares is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 pursuant to Section 5.5(a) and Section 5.7(1)(a) as neither the fair market value of the subject matter of nor the consideration for the issuance of the Common Shares, insofar as it involves insiders receiving Common Shares for the Interest Obligation, exceeds 25% of the Corporation's market capitalization.
普通股的發行可被視爲第61-101號多邊文書所定義的 “關聯方交易”- 在特殊交易中保護少數證券持有人 （“MI 61-101”），因爲將向公司董事和/或高級管理人員發行約39,960股普通股（視四捨五入而定），將向兩名非管理股股東發行約690,694股普通股（視四捨五入而定），每股持有超過已發行普通股的10％。該公司在交易截止日期前21天沒有提交重大變更報告，因爲該公司通過發行普通股來結算2023年12月31日的利息義務的決定直到2023年12月13日才確定。根據第5.5（a）條和第5.7（1）（a）節，普通股的發行不受密歇根州61-101的正式估值和少數股東批准要求的約束，因爲普通股的公允市場價值和發行普通股的對價（涉及內部人士因利息義務獲得普通股）均不超過公司市值的25％。
For Further Information:
欲了解更多信息：
Ken Berg, President and Chief Executive Officer, kberg@divergentenergyservices.com
肯·伯格，總裁兼首席執行官，kberg@divergentenergyservices.com
Ken Olson, Chief Financial Officer, ken.olson@divergentenergyservices.com
肯·奧爾森，首席財務官，ken.olson@divergentenergyservices.com
ABOUT DIVERGENT ENERGY SERVICES CORP.
關於 DIVERGENT 能源服務公司
Headquartered in Calgary, Alberta, Divergent provides fluids management products and services for the water, gas and oil industries through its wholly owned subsidiary Extreme Pump Solutions LLC.
Divergent總部位於艾伯塔省卡爾加里，通過其全資子公司Extreme Pump Solutions LLC爲水、天然氣和石油行業提供流體管理產品和服務。
DIVERGENT Energy Services Corp., 2020, 715 – 5th Ave SW, Calgary, AB T2P 2X6, (403) 543-0060, (403) 543-0069 (fax),
DIVERGENT Energy Services Corp.，2020 年，715 — 卡爾加里西南第五大道，AB T2P 2X6，(403) 543-0060，(403) 543-0069（傳真），
FORWARD LOOKING STATEMENTS
前瞻性陳述
This press release contains forward-looking statements, including, without limitation, statements pertaining to interest payments on the Company's debentures. All statements included herein, other than statements of historical fact, are forward-looking information and such information involves various risks and uncertainties. There can be no assurance that such information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such information. A description of assumptions used to develop such forward-looking information and a description of risk factors that may cause actual results to differ materially from forward-looking information can be found in the Company's disclosure documents on the SEDAR+ website at . Forward-looking statements are based on estimates and opinions of management of the Company at the time the information is presented, including expectations provided to Divergent by its customers. The Company may, as considered necessary in the circumstances, update or revise such forward-looking statements, whether as a result of new information, future events or otherwise, but the Company undertakes no obligation to update or revise any forward-looking statements, except as required by applicable securities laws.
本新聞稿包含前瞻性陳述， 包括但不限於與公司債券利息支付有關的報表。除歷史事實陳述外，此處包含的所有陳述均爲前瞻性信息，此類信息涉及各種風險和不確定性。無法保證此類信息會被證明是準確的，實際結果和未來事件可能與此類信息中的預期存在重大差異。對用於開發此類前瞻性信息的假設的描述以及對可能導致實際業績與前瞻性信息存在重大差異的風險因素的描述可在公司在SEDAR+網站上的披露文件中找到，網址爲 。前瞻性陳述基於發佈信息時公司管理層的估計和意見，包括客戶向Divergent提供的預期。公司可以在認爲必要時更新或修改此類前瞻性陳述，無論是由於新信息、未來事件還是其他原因，但除非適用的證券法要求，否則公司沒有義務更新或修改任何前瞻性陳述。
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
多倫多證券交易所風險交易所及其監管服務提供商（該術語在多倫多證券交易所風險交易所的政策中定義）均不對本新聞稿的充分性或準確性承擔責任。
(Not for dissemination in the United States of America)
（不適用於在美利堅合衆國傳播）
譯文內容由第三人軟體翻譯。