Business
Ronald Mathison Announces Acquisition of Common Shares of Western Energy Services Corp.
Ronald Mathison Announces Acquisition of Common Shares of Western Energy Services Corp.
About this update from Western Energy Services Corp.
[{"type":"text","content":"\n\n\n\n Dec. 17, 2010 (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\nCALGARY, Dec. 17 /CNW/ - On December 17, 2010, Mr. Ronald P. Mathison of\n Calgary, Alberta, a director of Western Energy Services Corp.\n ("Western") acquired ownership of 128,098,306 common shares in the\n capital of Western ("Western Shares"), which constitutes approximately\n 17.0% of the issued and outstanding Western Shares. The Western Shares\n were issued pursuant to a plan of arrangement (the "Plan of\n Arrangement") whereby Western acquired all of the issued and\n outstanding units of Pantera Drilling Income Trust ("Pantera") in\n exchange for 21.9048 Western Shares for each unit of Pantera.\n\n\nUpon closing of the Plan of Arrangement Mr. Mathison became a director\n of Western. Mr. Mathison now beneficially owns or exercises control of\n an aggregate of 128,098,306 Western Shares representing approximately\n 17.0% of the issued and outstanding Western Shares.  Mr. Mathison\n advises that the Western Shares are held for investment purposes and\n that he does not currently intend to acquire additional securities of\n Western.  The Western Shares are listed on the TSX Venture Exchange\n under the trading symbol "WRG".\n\n\n\n \nDale E. Tremblay, Chief Executive Officer, Western Energy Services Corp. at (403) 984-5929\n\n","length":2480,"tagName":"div"}]