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Share Name | Share Symbol | Market | Type |
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TSXV:ENS | TSX Venture | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
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0.00 | 0.00% | 0 | - |
NOT FOR DISTRIBUTION TO US NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. Enseco Energy Services Corp. ("Enseco" or the "Company") (TSX VENTURE:ENS) announces today that the TSXV Venture Exchange ("TSXV") has accepted Enseco's Notice of Intention to commence a Normal Course Issuer Bid (the "Bid") to purchase, from time to time, as it considers advisable, up to 1,120,390 common shares (which is equal to 5% of the outstanding common shares) on the open market through the facilities of the TSXV. The price that Enseco will pay for any common share under the Bid will be the prevailing market price on the TSXV at the time of such purchase. Common shares acquired under the Bid will be subsequently cancelled. Enseco currently has 22,407,809 common shares outstanding. The Bid will commence on July 26, 2013 and will terminate on June 25, 2014 or such earlier time as the Bid is completed or terminated at the option of Enseco. A copy of the Form 5G - Notice of Intention to make a Normal Course Issuer Bid filed by the Company with the TSXV can be obtained from the Company upon request without charge. The Company is commencing the Bid because it believes that, from time to time, the market price of its Common Shares may not properly reflect the underlying, intrinsic value of Enseco, and that, at such times, the purchase of Common Shares for cancellation will increase the proportionate interest of, and be advantageous to, all remaining shareholders. This news release does not constitute an offer to sell securities, nor is it a solicitation of an offer to buy securities, in any jurisdiction. No purchases will be made in any jurisdiction where such purchases are not permitted under applicable law. The securities offered are not, and will not be, registered under the securities laws of the United States of America, nor any state thereof and may not be sold in the United States of America absent registration in the United States or the availability of an exemption from such registration. ABOUT ENSECO ENERGY SERVICES CORP. Enseco is a premier supplier of directional drilling, production testing and frac flowback services operating throughout the Western Canadian Sedimentary Basin and select markets in the United States, Our corporate office is located in Calgary and sales offices are located in both Calgary and Denver. Enseco is led by an experienced management team with a focus on continued value creation through accretive acquisitions and organic growth. Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Certain information regarding the Company contained herein may constitute forward-looking statements under applicable securities laws. Such statements are subject to known or unknown risks and uncertainties that may cause actual results to differ materially from those anticipated or implied in the forward-looking statements. FOR FURTHER INFORMATION PLEASE CONTACT: Enseco Energy Services Corp. Kent Devlin CEO 403-806-0088 Enseco Energy Services Corp. Blair Layton CFO 403-806-0088 Info@enseco.com
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