November 15, 2012 09:00 ET
CALGARY, ALBERTA--(Marketwire - Nov. 15, 2012) -
NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA
Canadian Oilfield Solutions Corp. (TSX VENTURE:OTS) (the "Corporation") is pleased to announce that holders of the 12% secured subordinated convertible debentures ("Debentures") in the aggregate principal amount of $391,500 that mature on November 16, 2012 have agreed to convert such Debentures into common shares ("Common Shares") in the authorized capital of the Corporation on the basis that one (1) Common Share at a deemed price of $0.15 will be issued for every $1 of outstanding principal amount under the Debentures. The Corporation will issue an aggregate of 2,610,000 Common Shares under the conversion of the Debentures. The remaining principal balance of $163,500 under the Debentures will be satisfied by the Corporation on the maturity date.
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.
Canadian Oilfield Solutions Corp.Phil D'AngeloPresident(403) 543-0060(403) 543-0069 (FAX)firstname.lastname@example.orgWorking Capital CorporationTony NunziataInvestor Relations(403) 560-7040www.workingcapitalcorp.com
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