CALGARY, AB, Feb. 25, 2021 /CNW/ – Western Energy Services Corp. (“Western” or the “Company”) (TSX: WRG) announces the release of its fourth quarter and year end 2020 financial and operating results.  Additional information relating to the Company, including the Company’s financial statements and management’s discussion and analysis (“MD&A”) as at and for the year ended December 31, 2020 and 2019 will be available on SEDAR at www.sedar.com.  Non-International Financial Reporting Standards (“Non-IFRS”) measures, such as Adjusted EBITDA, and abbreviations and definitions for standard industry terms are defined later in this press release.  All amounts are denominated in … Continue Reading

CALGARY, AB, Dec. 31, 2020 /CNW/ – Western Energy Services Corp. (“Western” or the “Company“) (TSX: WRG) is pleased to announce amendments to its senior syndicated credit facilities and a new credit facility with HSBC Bank Canada (“HSBC”) offered with the participation of the Business Development Bank of Canada (“BDC“), as well as its capital expenditure budget for 2021.

Extension and Amendments to Senior Credit Facilities
Western’s senior lenders have approved an extension of the maturity of Western’s syndicated revolving first lien credit facility (the “Revolving Facility“) and its committed operating facility (the “Operating Facility” and together the “Credit … Continue Reading

CALGARY, AB, Oct. 26, 2020 /CNW/ – Western Energy Services Corp. (“Western” or the “Company”) (TSX: WRG) announces the release of its third quarter 2020 financial and operating results.  Additional information relating to the Company, including the Company’s financial statements and management’s discussion and analysis as at and for the three and nine months ended September 30, 2020 and 2019 will be available on SEDAR at www.sedar.com.  Non-International Financial Reporting Standards (“Non-IFRS”) measures, such as Adjusted EBITDA, and abbreviations and definitions for standard industry terms are included later in this press release.  All amounts are denominated in Canadian … Continue Reading

CALGARY, AB, July 27, 2020 /CNW/ – Western Energy Services Corp. (“Western” or the “Company”) (TSX: WRG) announces the release of its second quarter 2020 financial and operating results.  Additional information relating to the Company, including the Company’s financial statements and management’s discussion and analysis as at and for the three and six months ended June 30, 2020 and 2019 will be available on SEDAR at www.sedar.com.  Non-International Financial Reporting Standards (“Non-IFRS”) measures, such as Adjusted EBITDA, and abbreviations and definitions for standard industry terms are included later in this press release.  All amounts are denominated in Canadian … Continue Reading

CALGARY, AB, June 30, 2020 /CNW/ – Western Energy Services Corp. (“Western“) (TSX: WRG) announces that it and Alberta Investment Management Corporation, the lender under its second lien credit facility, have agreed to amend the second lien facility credit agreement to provide that the payment of interest and a portion of principal that Western would have been required to pay on July 2, 2020 will now be due on September 1, 2020. 

Western has the financial resources available from existing cash on hand and availability under its senior secured credit facility to make the required payment, which would … Continue Reading

CALGARY, May 21, 2020 /CNW/ – Western Energy Services Corp. (“Western” or the “Company”) (TSX: WRG) announces the release of its first quarter 2020 financial and operating results.  Additional information relating to the Company, including the Company’s financial statements and management’s discussion and analysis as at and for the three months ended March 31, 2020 and 2019 will be available on SEDAR at www.sedar.com.  Non-International Financial Reporting Standards (“Non-IFRS”) measures, such as Adjusted EBITDA, and abbreviations for standard industry terms are included in this press release.  All amounts are denominated in Canadian dollars (CDN$) unless otherwise identified.

First … Continue Reading

CALGARY, April 29, 2020 /CNW/ – Western Energy Services Corp. (“Western” or the “Company”) (TSX: WRG) today announces the director election results from its 2020 annual meeting of shareholders held on April 28, 2020.  According to the proxies received and ballots cast at the meeting, the following five nominees were elected as directors to hold office until the next annual meeting of shareholders or until their successors are elected or appointed, unless such office is earlier vacated in accordance with the by-laws of the Company:

Nominee

# Votes For

% Votes For

# Votes Withheld

% Votes
Withheld… Continue Reading

CALGARY, April 23, 2020 /CNW/ – Western Energy Services Corp. (“Western“) (TSX: WRG) announces that it intends to release its 2020 first quarter financial and operating results after market close on Thursday, May 21, 2020.

Financial Statement Filing Date Extension

Western is relying on the Alberta Securities Commission’s Blanket Order 51-517 Temporary Exemption from Certain Corporate Finance Requirements and similar exemptive orders of the other Canadian securities regulatory authorities (the “Orders“) in respect of its deadlines under Parts 4 and 5 of National Instrument 51-102 Continuous Disclosure Obligations to file its quarterly financial statements and related management’s discussion … Continue Reading

CALGARY, April 9, 2020 /CNW/ – Western Energy Services Corp. (“Western” or the “Company“) (TSX: WRG) announced today that in light of ongoing concerns related to the spread of COVID-19 and in order to mitigate potential risks to the health and safety of its shareholders, employees, communities and other stakeholders, and based on government orders to avoid large gatherings, Western is providing facilities to allow its shareholders to participate in its annual general meeting scheduled for Tuesday, April 28, 2020 (the “Meeting“) in a format whereby registered shareholders and duly appointed proxyholders may attend and participate in the meeting … Continue Reading

CALGARY, Feb. 27, 2020 /CNW/ – Western Energy Services Corp. (“Western” or the “Company”) (TSX: WRG) announces the release of its fourth quarter and year end 2019 financial and operating results. Additional information relating to the Company, including the Company’s financial statements and management’s discussion and analysis as at and for the years ended December 31, 2019 and 2018 will be available on SEDAR at www.sedar.com. Non-International Financial Reporting Standards (“Non-IFRS”) measures, such as Adjusted EBITDA, and abbreviations for standard industry terms are included in this press release. All amounts are denominated in Canadian dollars (CDN$) unless otherwise … Continue Reading

CALGARY, Jan. 10, 2020 /CNW/ – Western Energy Services Corp. (the “Company” or “Western“) (TSX: WRG) is pleased to announce that it plans to commence the previously announced share repurchase program by way of normal course issuer bid (the “Bid“).

The Company announces that its notice of intention to make a normal course issuer bid has been accepted by the Toronto Stock Exchange (the “TSX“). The Company’s Board of Directors (the “Board“) and management believe that the purchase by the Company of its outstanding common shares pursuant to the Bid constitutes an attractive and appropriate investment of corporate funds. … Continue Reading

CALGARY, Jan. 6, 2020 /CNW/ – Western Energy Services Corp. (the “Company” or “Western“) (TSX: WRG) is pleased to announce that its Board of Directors (the “Board“) has approved, subject to acceptance by the Toronto Stock Exchange (“TSX“), the repurchase of up to 5,200,000 common shares of Western, which is approximately 10% of Western’s public float as at January 6, 2020, over a period of twelve months pursuant to a normal course issuer bid to be conducted in accordance with the rules of the TSX (the “Bid“).

The Company’s Board and management believe that the purchase by the Company … Continue Reading