Business
High Arctic Close to New Debt Extension
/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FA...
About this update from High Arctic Energy Services Inc
[{"type":"text","content":"\n\n\n\n/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN\n\n\nTHE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY\n\n\nCONSTITUTE A VIOLATION OF U.S. SECURITIES LAW/\n\n\nRED DEER, AB, June 2 /CNW/ - High Arctic Energy Services Inc. (TSX: HWO)\n("High Arctic" or the "Corporation") announced that it has signed a further\namendment to its credit facilities. This latest amendment is a seven day\nextension to June 6, 2008. The short extension was required to allow time to\ncomplete a potential longer extension that the Corporation hopes to announce\nby June 6, 2008.\n\n\nForward-Looking Statements\n\n\nThis news release may contain forward-looking statements relating to\nexpected future events and financial and operating results of the Corporation\nthat involve risks and uncertainties. Actual results may differ materially\nfrom management expectations as projected in such forward-looking statements\nfor a variety of reasons, including market and general economic conditions and\nthe risks and uncertainties detailed in the Corporation's Management\nDiscussion and Analysis for the year ended December 31, 2007 and in High\nArctic's Annual Information Form for the year ended December 31, 2007 and High\nArctic's Information Circular dated April 17, 2008, all found on SEDAR\n(www.sedar.com). Due to the potential impact of these factors, the Corporation\ndisclaims any intention or obligation to update or revise any forward-looking\nstatements, whether as a result of new information, future events or\notherwise, unless required by applicable law.\n\n\nAbout High Arctic\n\n\nThe Corporation, through its subsidiaries, is a global provider of\nspecialized oilfield equipment and services, including drilling, completion\nand workover operations. Based in Red Deer, High Arctic has domestic\noperations primarily in Alberta, British Columbia and the Northwest\nTerritories. International operations are currently active in Mexico, the\nMiddle East, Northern Africa and Asia.\n\n\nThe TSX has not reviewed and does not accept responsibility for the\n\n\nadequacy or accuracy of this news release.\n\n\n%SEDAR: 00025582E\n\n\n","length":2254,"tagName":"div"}]