December 23, 2009
Dale E. Tremblay Acquires 18.9% Ownership in Western Energy Services Corp.
Mr. Dale E. Tremblay, Chief Executive Officer and a director of Western Energy Services Corp., announces that, as a result of purchases pursuant to a private placement of units of Western which occurred on December 22, 2009, Mr. Tremblay has acquired 25,000,000 common shares and warrants to purchase a further 25,000,000 Common Shares.
December 22, 2009
Western Energy Services Corp. Announces Closing of Recapitalization Transaction
Western Energy Services Corp. is pleased to announce it has closed a reorganization involving a non-brokered private placement of $7.0 million, the conversion of the Company’s existing bridge lending facility, subordinated convertible debentures and other specified obligations into common shares of Western, and the appointment of a new board of directors.
December 8, 2009
WESC Announces Recapitalization Transaction and New Management Team
Western Energy Services Corp. is pleased to announce it has entered into a reorganization and investment agreement that will reposition the Company to take advantage of significant opportunities in the energy services industry.