Canada NewsWire
CALGARY, Feb. 17, 2017
/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES/
CALGARY, Feb. 17, 2017 /CNW/ - Hyduke Energy Services Inc.
("Hyduke" or the "Company") (TSX: HYD) announced today that it has closed its previously announced brokered private placement of
37,647,057 common shares at a price of $0.34 per common share, raising net proceeds of $11,983,459.42 (after deducting agency fees and expenses) (the "Private Placement").
The Private Placement was conducted by Hyduke pursuant to an agreement entered into with Lightyear Capital Inc. and PI
Financial Corp., to offer the common shares on a commercially reasonable best efforts private placement basis.
The common shares issued in connection with the Private Placement will be subject to a statutory hold period of four months
plus one day from the date of completion of the Private Placement, in accordance with applicable securities legislation.
This press release does not constitute an offer to sell or a solicitation of any offer to buy the common shares in
the United States. The common shares have not been and will not be registered under the U.S.
Securities Act of 1933 and may not be offered or sold in the United States absent registration
or an applicable exemption from the registration requirements of such Act.
The TSX has neither reviewed nor approved this release.
SOURCE Hyduke Energy Services Inc.
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