CALGARY, AB, Nov. 8, 2023 /CNW/ – (TSXV: CWC) CWC Energy Services Corp. (“CWC” or the “Company”) is pleased to announce that it has closed its previously announced plan of arrangement with Precision Drilling Corporation (TSX: PD; NYSE: PDS) (“Precision”) under the Business Corporations Act (Alberta) (the “Arrangement”).
Pursuant to the Arrangement, Precision has acquired all the issued and outstanding common shares of CWC (“CWC Shares”) for aggregate cash consideration of $13,725,942.66 and an aggregate of 947,807 common shares of Precision. The CWC Shares are expected to be delisted from the TSX Venture Exchange on November 10, … Continue Reading