DIVERGENT Energy Services Corp.
TSX VENTURE : DVG

DIVERGENT Energy Services Corp.

May 24, 2017 18:09 ET

DIVERGENT Energy Services Corp. Announces Acceptance of Director Resignation Pursuant to the Majority Voting Policy

CALGARY, ALBERTA--(Marketwired - May 24, 2017) -

NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA

DIVERGENT Energy Services Corp. (TSX VENTURE:DVG) ("Divergent" or the "Corporation") announces that the Corporation's board of directors (the "Board") has considered and accepted John Grisdale's resignation as a director of the Corporation, effective May 17, 2017, pursuant to the Corporation's majority voting policy (the "Majority Voting Policy").

The Majority Voting Policy states that in the event a director is elected by less than a majority of the votes cast at an uncontested meeting of shareholders, the director must resign his position as director. Such was the case at the Corporation's recent annual and special meeting of shareholders with respect to Mr. Grisdale's election.

Ken Bagan, Chairman of Divergent, states; "Mr. Grisdale was a valuable resource to the Board of Divergent, we thank him for his service and contributions since 2015 and wish him the very best in his future endeavours."

The Corporation's Corporate Governance and Nominating Committee has begun the process to identify a candidate to fill the vacancy on the Board.

ABOUT DIVERGENT ENERGY SERVICES CORP.

Headquartered in Calgary, Alberta, DIVERGENT Energy Services Corp. provides an array of artificial lift products and services that are used in the oil and gas industry, including its revolutionary Linear Electric Submersible Pump. Divergent's Pump is approaching commercialization and is targeted to replace traditional oil pumpjacks. Other Divergent products currently in use by its oil and gas industry customers include Electric Submersible Pumps and Electric Submersible Progressing Cavity Pumps.

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.

Contact Information

  • Ken Berg
    President and Chief Executive Officer

    Scott Hamilton
    Chief Financial Officer

    DIVERGENT Energy Services Corp.
    1500, 715 - 5th Ave SW, Calgary, AB T2P 2X6
    (403) 543-0060
    (403) 543-0069 (fax)
    www.divergentenergyservices.com