/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/

LEDUC, AB, April 18, 2019 /CNW/ – Hyduke Energy Services Inc. (“Hyduke” or the “Company“) (HYD – TSX) wishes to report on the following matters:

Update on Sale of Head Office Building and Land

Further to its press release of December 10, 2018, the Board and management of Hyduke wish to report that effective April 16, 2019, the Company completed the sale of its head office building (including the manufacturing facility) located in Nisku, AB.  Hyduke’s head office has been … Continue Reading

/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/

NISKU, AB, April 15, 2019 /CNW/ – Hyduke Energy Services Inc. (“Hyduke” or the “Company“) announces that, further to the Company’s press releases of March 18, 2019 and April 4, 2019, the Company is providing this bi-weekly default status report in accordance with National Policy 12‑203 Management Cease Trade Orders (“NP 12-203“).

On March 18, 2019, the Company announced that it would delay the filing of its annual audited financial statements for the year ended December 31, 2018, its related management’s … Continue Reading

/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/

NISKU, AB, April 5, 2019 /CNW/ – Hyduke Energy Services Inc. (“Hyduke” or the “Company“) announces that pursuant to Part VII, Section 720 of the Toronto Stock Exchange (the “TSX“) Company Manual (the “Manual“), it has submitted an application to the TSX for voluntary delisting (the “Voluntary Delisting Application“) of the Company’s common shares (“Common Shares“) from the TSX in conjunction with having submitted an application to list Hyduke’s Common Shares (the “Listing Application“) on the TSX Venture Exchange (the “TSX-V“).  The Voluntary … Continue Reading

/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/

NISKU, AB, April 4, 2019 /CNW/ – Hyduke Energy Services Inc. (“Hyduke” or the “Company“) announces that, further to the Company’s press release of March 18, 2019 (the “Default Announcement“), its application for a management cease trade order (“MCTO“) was granted by the Alberta Securities Commission, its principal regulator, on April 2, 2019.

The Company is providing this bi-weekly default status report in accordance with National Policy 12‑203 Management Cease Trade Orders (“NP 12-203“). On March 18, 2019, the Company announced … Continue Reading

/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/

NISKU, AB, March 18, 2019 /CNW/ – Hyduke Energy Services Inc. (“Hyduke” or the “Company“) has delayed the filing of its annual audited financial statements for the year ended December 31, 2018, its related management’s discussion and analysis, its annual information form for the year ended December 31, 2018, and the Chief Executive Officer and Chief Financial Officer certifications (the “Required Filings“) past the prescribed deadline of March 31, 2019. The Company is working diligently in order to prepare the … Continue Reading

NISKU, AB, Feb. 22, 2019 /CNW/ – Hyduke Energy Services Inc. (“Hyduke” or the “Company“) (HYD – TSX) wishes to report on the following matters:

B.W. Rig Supply Inc. Notice of Intention to Make a Proposal Under the BIA

On February 8, 2019, B.W. Rig Supply Inc. (“B.W. Rig“), a wholly-owned subsidiary of Hyduke, has filed with the Office of the Superintendent of Bankruptcy a Notice of Intention to Make a Proposal (“Notice of Intention“) pursuant to the provisions of Part III of the Bankruptcy and Insolvency Act (Canada) (the “BIA“) and Deloitte Restructuring Inc. has … Continue Reading

/NOT FOR DISTRIBUTION TO THE UNITED STATES NEWSWIRE SERVICES AND NOT FOR DISSEMINATION IN THE UNITED STATES/

TORONTO, Dec. 21, 2018 /CNW/ – TerraNova Partners III LP.(“TerraNova”) announces that it has provided a demand secured loan (the “Loan”) to Hyduke Energy Services Inc. (“Hyduke”) (TSX:HYD) in the amount of CDN$350,000 and in connection with the Loan was granted, effective December 19, 2018, 2,920,000 share purchase warrants (“Warrants”). Each Warrant entitles TerraNova to purchase one common share of Hyduke at an exercise price of CDN $0.06/common share and expires 36 months after the later of the repayment … Continue Reading

NISKU, AB, Dec. 21, 2018 /CNW/ – Hyduke Energy Services Inc. (“Hyduke” or the “Company“) (HYD – TSX) is pleased to announce that it has closed its previously announced transaction with TerraNova Partners III LP (“TerraNova“) pursuant to which TerraNova has provided a demand secured loan (the “Loan“) to Hyduke in the amount of CDN$350,000, with 10% interest per annum, payable monthly in arrears.  In connection with the Loan, effective December 19, 2018, Hyduke granted TerraNova 2,920,000 share purchase warrants (“Warrants“).  Each Warrant entitles TerraNova to purchase one common share (each a “Common Share“) of … Continue Reading

NISKU, AB, Dec.10, 2018 /CNW/ – Hyduke Energy Services Inc. (“Hyduke” or the “Company“) (HYD – TSX) wishes to report on the following matters:

Toronto Stock Exchange (“TSX”) Listing Review

On December 6, 2018, Hyduke received notice from the TSX that it is reviewing the eligibility for listing on the TSX of Hyduke’s securities, pursuant to Part VII of the TSX Company Manual (the “Manual“).  The Company is being reviewed under the Remedial Review Process and has been granted 120 days to comply with all requirements for continued listing.  If the Company cannot demonstrate that it meets all … Continue Reading

NISKU, AB, Dec. 5, 2018 /CNW/ – Hyduke Energy Services Inc. (“Hyduke” or the “Company“) (HYD – TSX) wishes to report on the following matters:

Repayment of Operating Line and New Credit Facility

Hyduke announces that it has entered into a 12-month secured credit facility with Pillar Capital Corp. for CDN $1,500,000 (the “Credit Facility“) and has received confirmation on the repayment in full of its operating line and has satisfied all outstanding conditions with the National Bank of Canada.

The Credit Facility is secured by certain assets of the Company (some registered in second position) with the … Continue Reading

NISKU, AB, Oct. 3, 2018 /CNW/ – Hyduke Energy Services Inc. (“Hyduke” or the “Company“) (HYD – TSX) wishes to provide an update regarding its operating line.

On Aug 3, 2018, Hyduke announced the need to replace its operating line by the end of August. Before the deadline expired, the lender approved an extension of its credit facilities to September 28, 2018 with specific conditions.  To meet its short-term cash requirements, the Company approved a subordinated debt agreement with one of its directors.  Hyduke is actively working with its lender to finalize the transfer of their position to … Continue Reading

NISKU, AB, Aug. 3, 2018 /CNW/ – Hyduke Energy Services Inc. (“Hyduke” or the “Company”) (HYD – TSX) announced operating results for the three and six months ended June 30, 2018 and 2017. Hyduke’s Financial Statements and Management Discussion & Analysis have been filed with regulators and are available at www.sedar.com.

Unless otherwise stated, tabular amounts presented are expressed in thousands of Canadian dollars and per-share figures in dollars per weighted average common share.

SELECTED FINANCIAL INFORMATION

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