Lonestar Shareholders Approve Acquisition of Lonestar by Clean Harbors
SYLVAN LAKE, ALBERTA--(Marketwired - Jul 12, 2017) - Lonestar West Inc. (TSX VENTURE:LSI) (the
"Company" and/or "Lonestar") is pleased to announce the approval by Lonestar's shareholders, at
a special meeting of shareholders held today (the "Meeting"), of the previously announced transaction with Clean
Harbors, Inc. (NYSE:CLH) ("Clean Harbors"), whereby Clean Harbors, through an indirect wholly-owned subsidiary,
will acquire 100% of Lonestar's issued and outstanding common shares ("Lonestar Shares") for C$0.72 per Lonestar
Share, including Lonestar Shares issuable upon the exercise of outstanding options (the "Acquisition"). The
Acquisition is scheduled to close on July 14, 2017.
At the Meeting, approximately 99.9% of the votes cast by Lonestar shareholders were voted in favour of the Acquisition. A
total of 18,611,603 Lonestar Shares, representing approximately 63.2% of the issued and outstanding Lonestar Shares, were voted
at the Meeting and each of the directors and officers of Lonestar and certain other principal shareholders, collectively holding
approximately 35.7% of the issued and outstanding Lonestar Shares, voted their Lonestar Shares in favor of the Acquisition.
About Lonestar
Based in Sylvan Lake, Alberta, Lonestar West Inc. operates a fleet of 136 Hydrovac, Vacuum and Auxiliary units throughout
Western Canada, Ontario, California, and the southern United States. It is focused on profitably growing its HVAC services to
become a major competitor in the North American market. For more information please visit the Company's website at www.lonestarwest.com.
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THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.