High Arctic Announces Receipt of Final Order for Arrangement NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW
CALGARY, Alberta, June 27, 2024 (GLOBE NEWSWIRE) -- High Arctic Energy Services Inc. (TSX: HWO) ("High Arctic" or the "Corporation") is pleased to announce that the Court of King's Bench of Alberta has granted the final order in connection with the previously announced plan of arrangement (the "Arrangement") between the Corporation and High Arctic Overseas Holdings Corp. (“SpinCo”) providing for the spin-out by the Corporation of its Papua New Guinea focused energy services business to SpinCo. As previously announced, the Arrangement was approved by the Corporation's shareholders at the annual general and special meeting held on June 17, 2024.
High Arctic Announces Receipt of Final Order for (globenewswire.com)