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NWE New West Energy Services Inc

0.01
0.00 (0.00%)
24 Dec 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
New West Energy Services Inc TSXV:NWE TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.01 0.005 0.01 0 00:00:00

New West Energy Services Inc. Announces Loan Financing

11/07/2018 1:30pm

PR Newswire (Canada)


New West Energy Services (TSXV:NWE)
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CALGARY, July 11, 2018 /CNW/ - New West Energy Services Inc. (TSXV: NWE), an oil and gas and environmental services company focused on Western Canada, today announced that it has closed agreements with William A. Rand, the company's Lead Director and largest shareholder, and Andrew Johns, an investor and shareholder of NWE, whereby Messrs. Rand and Johns provided loans to NWE in the amount of $200,000 and $150,000, respectively.  The loans have a term of 15 months and bear interest at a rate of 8% per annum calculated and compounded monthly.

New West Energy Services Inc. (CNW Group/New West Energy Services Inc.)

As partial consideration for providing the loans, NWE issued to Messrs. Rand and Johns 571,429 and 428,571 common shares, respectively, pursuant to TSX Venture Exchange ("TSXV") Policy 5.1 – Loans, Loan Bonuses, Finder's Fees and Commissions.  All common shares issued to Messrs. Rand and Johns are subject to a hold period of four months and a day.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE New West Energy Services Inc.

Copyright 2018 Canada NewsWire

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