Critical Control Energy Services Corp. - Early War

CALGARY, Alberta, April 13, 2018 (GLOBE NEWSWIRE) -- Alykhan Mamdani, President and CEO of Critical Control Energy Services Corp. (“Critical Control”) (TSX: CCZ ), has filed an Early Warning Report in accordance with National Instrument 62-103 The Early Warning System and Related Take Over Bids and Insider Reporting Issues, in connection with his acquisition of 33,761 common shares of Critical Control under Critical Control’s employee share purchase plan (the “ESPP Acquisition”).  

Immediately before the ESPP Acquisition, which occurred on April 13, 2018, Mr. Mamdani held or has control and direction of 4,839,776 common shares and 25,000 common share purchase warrants, representing 11.03% of the issued and outstanding common shares (assuming the conversion of Mr. Mamdani’s common share purchase warrants). The initial increase in Mr. Mamdani’s holdings above 10.00% of the issued and outstanding common shares occurred due to Critical Control’s capital reorganization involving the cancellation of 14,728,860 common shares, which occurred in July 2017.

Immediately after the ESPP Acquisition, Mr. Mamdani held or had control and direction of 4,873,537 common shares and 25,000 common share purchase warrants, representing 11.10% of the issued and outstanding common shares (assuming the conversion of Mr. Mamdani’s common share purchase warrants).

For further information and to obtain a copy of the early warning report filed by Mr. Mamdani, please see Critical Control’s profile on the SEDAR website www.sedar.com .

About Critical Control

Critical Control provides solutions for the collection, control and analysis of measurement and operational data related to oil and gas wells across North America.  We provide services to capture the data, cloud based software to visualize and manage it and the business intelligence to make quicker and more informed operational decisions.

For further information

Alykhan Mamdani President & CEO Tel (403) 705-7500