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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

Three
months
ended
June 30,
2018

Year-
over-year
change
(%)

Three
months
ended
June 30,
2017

Six months
ended
June 30, … Continue Reading

NISKU, AB, July 3, 2018 /CNW/ – Hyduke Energy Services Inc. (“Hyduke” or the “Company“) (TSX: HYD) announces the results of its annual and special meeting of shareholders (the “Meeting“) and board of directors’ (the “Board“) meeting held on June 29, 2018 in Leduc, Alberta.

The Company wishes to thank outgoing directors for their service to the Company. David Yager was a director since 2013 and Chair of the Board since 2016.  He has made substantial contributions to the Company during his term by contributing his industry knowledge and experience. Jesse Gill served as a director of the … Continue Reading

NISKU, AB, May 31, 2018 /CNW/ – Hyduke Energy Services Inc. (“Hyduke” or the “Company”) (HYD – TSX) announces that effective May 31, 2018, the board of directors of the Company has appointed Mr. Nick Cristiano as Chief Financial Officer and Corporate Secretary.  The Company wishes to thank Mr. Jimmie Yeung for his service to Hyduke.

Mr. Cristiano is a CPA with many years of business and financial management experience highlighted in five key areas: growing enterprise value, developing business strategy, cutting costs, maximizing cash flow and profitability, and enhancing shareholder value.   Mr. Cristiano has been the CFO … Continue Reading

NISKU, AB, May 15, 2018 /CNW/ – Hyduke Energy Services Inc. (“Hyduke” or the “Company”) (HYD – TSX) announced operating results for the three months ended March 31, 2018. 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

Three months ended

March 31, 2018

Year-over-year
change (%)

Three months ended

March 31, 2017

Revenue

12,206

102.3%

6,033

Cost of goods sold

9,835… Continue Reading

NISKU, AB, April 2, 2018 /CNW/ – Hyduke Energy Services Inc. (“Hyduke” or the “Company”) (HYD – TSX) announced operating results for the year ended December 31, 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

(all amounts herein are in thousands)

Year ended

Year-over-year
change
(%)

Year ended

Year ended

 Dec 31, 2017

31-Dec-16

31-Dec-15

(restated)(1)

(restated)(1)

Revenue

42,848

238.3%… Continue Reading

NISKU, AB, Nov. 14, 2017 /CNW/ – Hyduke Energy Services Inc. (“Hyduke” or the “Company”) (HYD – TSX) announced operating results for the nine months ended September 30, 2017 and 2016. 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

Three months

ended

September 30,

2017

Year-over-

year

change

(%)

Three months

ended

September 30,

2016

(restated)(1)

Nine

months

ended

September

30, 2017… Continue Reading

NISKU, AB, Aug. 17, 2017 /CNW/ – Hyduke Energy Services Inc. (“Hyduke” or the “Company”) announces effective immediately James M. Hill has resigned as a director and Interim Chief Financial Officer of the Company due to personal circumstances. We at Hyduke thank Mr. Hill for his contributions and efforts. Hyduke has begun the process of seeking a qualified director to replace Mr. Hill.

Jimmie Yeung, CPA CGA, has agreed to join Hyduke as Chief Financial Officer as soon as he completes his current commitments in the next few weeks. Mr. Yeung has held numerous positions of increasing responsibility … Continue Reading