Business
High Arctic Announces Share Consolidation
Jun. 15, 2011 (Canada NewsWire Group) -- /NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR F...
About this update from High Arctic Energy Services Inc
[{"type":"text","content":"\n\n\n Jun. 15, 2011 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\n/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN\n THE UNITED STATES.  ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY\n CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW/\n\n\nRED DEER, AB, June 15, 2011 /CNW/ - High Arctic Energy Services Inc.\n (TSX: HWO) ("High Arctic" or the "Corporation") announces that it has\n completed a consolidation of its common shares on the basis of one (1)\n new post-consolidation common share for every five (5) pre-consolidated\n common shares.  The 252,183,147 common shares of the Corporation\n outstanding will be reduced to approximately 50,436,636 common shares,\n as approved by shareholders at the Corporation's annual and special\n meeting held on June 1, 2011.  No fractional shares will be issued. \n Any fractions of a share will be rounded to the next highest whole\n number of common shares.  A new CUSIP number of 429644206 replaces the\n old CUSIP number of 429644, to distinguish between the pre- and\n post-consolidated shares.  The Corporation's name and trading symbol\n will remain unchanged.\n\n\nHigh Arctic's common shares are expected to begin trading on a\n post-consolidation basis on the Toronto Stock Exchange when markets\n open on June 20, 2011.\n\n\nForward-Looking Statements\n\n\nThis news release may contain forward-looking statements relating to\n expected future events and financial and operati...