Cordy Oilfield Services Inc.
TSX VENTURE : CKK

Cordy Oilfield Services Inc.

August 18, 2011 09:00 ET

Cordy Announces Election of Board of Directors

CALGARY, ALBERTA--(Marketwire - Aug. 18, 2011) - Cordy Oilfield Services Inc. (TSX VENTURE:CKK) (the "Corporation" or "Cordy") is pleased to announce that David Mullen (Chairman and Chief Executive Officer), Allen Cameron (President), Robert N. Waddell, David E. Olson and Timothy H. Urquhart were elected as directors at the Annual General and Special Meeting of Shareholders held on August 17, 2011. Keith Macdonald did not stand for re-election at the Shareholders' Meeting. David Mullen, Chairman of the Board commented "the Board would like to thank Mr. Macdonald for his dedication and service to the Corporation over the past years. Mr. Macdonald has served the shareholders exceptionally well and the Board wishes him every success in his future endeavours".

Among other matters approved at the Shareholders' Meeting, the Shareholders passed a special resolution approving the reduction of the accounting stated capital of the common shares of the Corporation by the amount of the consolidated accumulated accounting as at September 30, 2011. This will reduction will be credited against the Corporation's consolidated accumulated accounting deficit as at September 30, 2011. For additional information, refer to the management information circular dated July 13, 2011 prepared in respect of the Shareholders' Meeting, a copy of which is available under the Corporation's SEDAR profile at www.sedar.com.

Cordy Oilfield Services Inc. is an energy services and construction corporation that offers services across Alberta and British Columbia in the construction, environmental, manufacturing and pipeline sectors.

Additional information on Cordy is available on our website www.cordy.ca or on SEDAR at www.sedar.com.

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

  • For general information:
    Cordy Oilfield Services Inc.
    David Mullen, Chairman and CEO
    (403) 266-2067
    (403) 266-2087 (FAX)
    david.mullen@cordy.ca

    For investor relations information:
    Cordy Oilfield Services Inc.
    H. Allen Cameron, President
    (403) 266-2067
    (403) 266-2087 (FAX)
    al.cameron@cordy.ca
    www.cordy.ca