Western Energy Services Corp.
TSX VENTURE : WRG

December 23, 2009 19:52 ET

Dale E. Tremblay Acquires 18.9% Ownership in Western Energy Services Corp.

CALGARY, ALBERTA--(Marketwire - Dec. 23, 2009) -

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Mr. Dale E. Tremblay, Chief Executive Officer and a director of Western Energy Services Corp. ("Western") (TSX VENTURE:WRG), announces that, as a result of purchases pursuant to a private placement of units of Western ("Units") which occurred on December 22, 2009, Mr. Tremblay has acquired 25,000,000 common shares ("Common Shares") and warrants ("Warrants") to purchase a further 25,000,000 Common Shares. The Units, each of which were comprised one Common Share and one whole Warrant to purchase a Common Share, were purchased for consideration of $0.08 per Unit. As a result, Mr. Tremblay now owns, directly or indirectly, or exercises control over 25,000,000 Common Shares, representing approximately 18.9% of the issued and outstanding Common Shares, and the aforementioned Warrants. 

Mr. Tremblay acquired the Units for investment purposes and may, from time to time on an individual or joint basis, acquire additional securities of Western, dispose of some or all of the existing or additional securities he holds or will hold, or may continue to hold his current position.

TO OBTAIN A COPY OF THE EARLY WARNING REPORT FILED IN CONNECTION WITH THIS MATTER, PLEASE CONTACT THE UNDERSIGNED.

Neither 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.

Contact Information

  • Western Energy Services Corp.
    Mr. Dale E. Tremblay
    c/o Suite 120, 110 Quarry Park Boulevard S.E.
    Calgary, AB T2C 3G3
    (403) 262-9439