Business
WESTERN ENERGY SERVICES CORP. TO CONSOLIDATE ITS COMMON SHARES ON THE BASIS OF ONE SHARE FOR EACH 20 COMMON SHARES HELD
May 18, 2011 (Canada NewsWire Group) -- NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVI...
About this update from Western Energy Services Corp.
[{"type":"text","content":"\n\n\n May 18, 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\nNOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR\n DISSEMINATION IN THE UNITED STATES \n\n\nCALGARY, May 17 /CNW/ - Western Energy Services Corp. ("Western" or the "Company") (TSX Venture WRG) is pleased to advise that it is proposing to\n consolidate its common shares.  Additional information relating to the\n proposed consolidation is included in Western's Information Circular\n dated May 12, 2011 which will be available on SEDAR at www.sedar.com.\n\n\nWestern has mailed its Information Circular with respect to its annual\n and special meeting of Shareholders scheduled for June 16, 2011 (the "Meeting").  As part of that Meeting the Shareholders of Western will be asked\n to approve a consolidation of its common shares on the basis of one new\n common share for each 20 common shares presently held (the "Consolidation").\n\n\nThere are currently 974,993,882 common shares of Western issued and\n outstanding, however, as previously disclosed, Western has entered into\n an agreement with Stoneham Drilling Trust ("Stoneham") with respect to a proposed arrangement (the "Arrangement") that, if approved by the unitholders of Stoneham, will result in\n further common shares of Western being issued.\n\n\nThe Arrangement is currently scheduled to close on June 10, 2011.  The\n Arrangement allows for a choice by Stoneham unitholders of eit...