DIVERGENT Energy Services Announces Completion of Shares for Interest Transaction
CALGARY, ALBERTA--(Marketwired - Dec. 31, 2015) -
(NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA)
DIVERGENT Energy Services Corp. (the "Corporation") (TSX VENTURE:DVG) announces that it has completed the issue of common shares to satisfy the interest obligation of the Corporation, which was announced on December 22, 2015, after having received approval from the TSX Venture Exchange ("TSXV").
Pursuant to its right to satisfy its interest obligation owed on the debentures of the Corporation (the "Debentures"), the Corporation has satisfied the interest obligation in the amount of $144,932 due on December 31, 2015 (the "Interest Obligation") by the delivery of 579,728 common shares of the Corporation ("Common Shares") at a deemed price of $0.25 per Common Share to the holders of Debentures. Of the Common Shares issued to satisfy the Interest Obligation, 13,108 Common Shares were issued to Directors and/or Officers of the Corporation. The Common Shares issued pursuant to the Interest Obligation are subject to a hold period of four months and one day in accordance with applicable securities legislation and the TSXV requirements.
ABOUT DIVERGENT ENERGY SERVICES CORP.
Headquartered in Calgary, Alberta, DIVERGENT Energy Services Corp. provides an array of Artificial Lift products and services that are used in the oil and gas industry. Products include Electromagnetic Pumps, Electric Submersible Pumps, and Electric Submersible Progressing Cavity Pumps.
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.
Source: Marketwired (Canada)
(December 31, 2015 - 9:00 AM EST)
News by QuoteMedia