/NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA/

CALGARY, AB, May 12, 2022 /CNW/ – Cathedral Energy Services Ltd. (the “Company” or “Cathedral”) (TSX: CET) held its annual meeting of shareholders on May 12, 2022. A total of 38,242,191 common shares were voted in connection with the meeting. All the nominees proposed as directors were duly elected as directors of the Company by a majority of the votes cast by the shareholders present or represented by proxy at the meeting, as follows:

Nominee

Number

%

Thomas Connors

38,208,894

99.91 %

Randal H. Pustanyk     

38,208,894

99.91 %… Continue Reading

/NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA/

 CALGARY, AB, May 12, 2022 /CNW/ – Cathedral Energy Services Ltd. (the “Company” or “Cathedral”) (TSX: CET) announces its consolidated financial results for the three months ended March 31, 2022 and 2021. 

Dollars in 000’s except per share amounts.

This news release contains “forward-looking statements” within the meaning of applicable Canadian securities laws.  For a full disclosure of forward-looking statements and the risks to which they are subject, see “Forward-Looking Statements” later in this news release.  This news release contains references to Adjusted gross margin (gross margin plus non-cash … Continue Reading

/THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES./

CALGARY, AB, April 25, 2022 /CNW/ – Cathedral Energy Services Ltd. (TSX: CET) (“Cathedral” or the “Company“) is pleased to announce it has closed its previously announced “bought deal” short form prospectus offering (the “Offering“) of units (“Units“) of the Company, including the exercise in full of the underwriters’ over-allotment option. The Offering was led by Acumen Capital Finance Partners Limited (“Acumen” or the “Lead Underwriter“) and included Peters & Co. … Continue Reading

CALGARY, AB, April 4, 2022 /CNW/ – Cathedral Energy Services Ltd. (TSX: CET) (“Cathedral” or the “Company“) is pleased to announce that it has amended the terms of its previously announced offering of Units (as defined below). Under the amended terms of the Bought Deal Offering (as defined below), a syndicate of underwriters led by Acumen Capital Finance Partners Limited (the “Underwriters“) have agreed to purchase 32,858,000 Units (the “Units“) from the treasury of the Company, at a price of $0.70 per Unit (the “Issue Price“) and offer them to the public by way of short-form prospectus for total … Continue Reading

CALGARY, AB, April 4, 2022 /CNW/ – Cathedral Energy Services Ltd. (TSX: CET) (“Cathedral” or the “Company“) is pleased to announce it has entered into an agreement with Acumen Capital Finance Partners Limited (“Acumen” or the “Lead Underwriter“) on behalf of itself and on behalf of a syndicate of investment dealers (collectively, the “Underwriters“), pursuant to which the Underwriters have agreed to purchase, on a “bought deal” basis, 28,575,000 units (the “Units“) of the Company at a price of $0.70 per Unit (the “Issue Price“) for aggregate gross proceeds to the Company of $20,002,500 (the “Offering“).

Each Unit will … Continue Reading

/NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA/

CALGARY, AB, March 10, 2022 /CNW/ – Cathedral Energy Services Ltd. (the “Company” or “Cathedral”) (TSX: CET) announces its consolidated financial results for the three months and year ended December 31, 2021 and 2020. 

Dollars in 000’s except per share amounts.

This news release contains “forward-looking statements” within the meaning of applicable Canadian securities laws.  For a full disclosure of forward-looking statements and the risks to which they are subject, see “Forward-Looking Statements” later in this news release.  This news release contains references to Adjusted gross margin (gross margin … Continue Reading

CALGARY, AB, Feb. 11, 2022 /CNW/ – Cathedral Energy Services Ltd. (TSX: CET) (“Cathedral” or the “Company”) today announced the closing of its acquisition of the operating assets of Discovery Downhole Services (“Discovery”) for a purchase price of CAD $20.8 million (the “Transaction”). Discovery is a privately-held, U.S.-based, high-performance mud motor technology rental business with operations in North Dakota, Texas, and Wyoming.

“Our acquisition of the Discovery assets adds valuable and strategic operations at a time when industry fundamentals are pointing to improving conditions.  We are excited to welcome the Discovery personnel, customers, and suppliers to … Continue Reading

/NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA/

CALGARY, AB, Nov. 9, 2021 /CNW/ – Cathedral Energy Services Ltd. (the “Company” or “Cathedral”) (TSX: CET) announces its consolidated financial results for the three and nine months ended September 30, 2021 and 2020. 

Dollars in 000’s except per share amounts.

This news release contains “forward-looking statements” within the meaning of applicable Canadian securities laws.  For a full disclosure of forward-looking statements and the risks to which they are subject, see “Forward-Looking Statements” later in this news release.

2021 Q3 KEY TAKEAWAYS

CALGARY, AB, Sept. 8, 2021 /CNW/ – Cathedral Energy Services Ltd. (TSX: CET) (“Cathedral” or the “Company”) is pleased to announce the closing of Cathedral’s acquisition of the operating assets of Valiant Energy Services (“Valiant”), an Alberta-based directional drilling company, for a purchase price of $1,500,000 (the “Transaction”). The purchase price was satisfied through the issuance of 3,464,204 common shares of Cathedral (the “Consideration Shares”) to Valiant.  The Consideration Shares will be subject to a 4-month statutory hold period.

Post-closing, Cathedral’s Canadian business is expected to operate over 30 jobs in Q3-2021 in the Western Canadian Sedimentary Basin … Continue Reading

/NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA/

CALGARY, AB, Aug. 10, 2021 /CNW/ – Cathedral Energy Services Ltd. (the “Company” or “Cathedral”) (TSX: CET) announces its consolidated financial results for the three and six months ended June 30, 2021 and 2020.  Dollars in 000’s except per share amounts.

This news release contains “forward-looking statements” within the meaning of applicable Canadian securities laws.  For a full disclosure of forward-looking statements and the risks to which they are subject, see “Forward-Looking Statements” later in this news release.

FINANCIAL HIGHLIGHTS
Dollars in 000’s except per share amounts

Three months … Continue Reading

/NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA/

CALGARY, AB, June 23, 2021 /CNW/ – Cathedral Energy Services Ltd. (TSX: CET) (“Cathedral” or the “Company”) is pleased to announce that it has agreed to a series of amendments to its existing credit facility (“the Extended Facility”) with its sole lender ATB Financial (“ATB”).  In addition, Cathedral has secured a further $1 million of liquidity through the Highly Affected Sectors Credit Availability Program (“HASCAP”) that sees Business Development Bank of Canada (“BDC”) guarantee a fixed interest rate loan made available to the Company by ATB (the “HASCAP Loan”).… Continue Reading