Strad Energy Svcs Lt (STRDF) 1.1662 $STRDF
Lyle Wood Acquires Common Shares of Strad Energy Services Ltd.
Marketwired - Wed Aug 31, 5:49PM CDT
CALGARY, ALBERTA--(Marketwired - Aug 31, 2016) - Mr. Lyle Wood announces that, on August 31, 2016, Mr. Wood, acting jointly with certain associates (as such term is defined in NI 62-104 - Take-Over Bids and Issuer Bids) (collectively, the "Acquiror"
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, acquired beneficial ownership of and exercises control over 9,366,997 common shares ("Common Shares"
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of Strad Energy Services Ltd. ("Strad"
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. The Common Shares were issued to the Acquiror pursuant to the acquisition (the "Acquisition"
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, directly or indirectly, of all the issued and outstanding shares of Redneck Oilfield Services Ltd. ("Redneck"
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and Raptor Oilfield Services Ltd. ("Raptor" and together with Redneck, the "Redneck Entities"
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by Strad in consideration for 11,098,599 Common Shares.
IIROC Trade Halt - Strad Energy Services Ltd.
Newsfile Corp - Mon Sep 21, 3:28PM CDT
The following issues have been halted by IIROC:
Total Energy Services Inc. Announces Intention to Make a Takeover Bid for the Outstanding Class A Common Shares of Strad Energy Services Ltd.
Marketwired - Mon Sep 21, 3:07PM CDT
Total Energy Services Inc. ("Total" or the "Company"
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(TSX: TOT) announced today that it currently intends, subject to market conditions and other considerations noted below, to make an offer (the "Offer"
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to purchase all of the issued and outstanding Class A common shares (the "Strad Shares"
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of Strad Energy Services Ltd. ("Strad"
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at a price of $2.90 per Strad Share. Total anticipates that, under the Offer, holders of Strad Shares will have an option to receive, in exchange for each Strad Share, $2.90 cash or $1.35 cash plus 0.10 of a common share of Total.
TOT.TO: 13.67 (-0.27)