Parkland Energy Services Inc.

December 12, 2006 15:21 ET

Parkland Energy Services Inc. Announces Completion of IPO

CALGARY, ALBERTA--(CCNMatthews - Dec. 12, 2006) - Mr. Trevor Hillman, President of Parkland Energy Services Inc. ("Parkland") announced that, in addition to the $312,500 raised from its founding shareholders, Parkland has raised a further $625,000 by way of its initial public offering of 2,500,000 common shares at a purchase price of $0.25 per common share pursuant to its prospectus dated November 20, 2006.

Mr. Hillman further announced that Parkland will promptly submit the required post-closing documentation to the TSX Venture Exchange ("TSX-V") to support its listing application. It is anticipated that the TSX-V will issue a bulletin in the next week or two announcing that the common shares of Parkland have been approved for trading on the TSX-V and the date upon which such trading will commence. The trading symbol for the Parkland common shares will be "PKE.P".

Parkland Energy Services Inc. is a capital pool company pursuant to Policy 2.4 of the TSX-V. Pursuant to TSX-V Policy 2.4, the principal business of Parkland will be the identification and evaluation of properties, corporations, assets or businesses (or a combination thereof) with a view to acquisition thereof or participation therein for the purposes of completing a Qualifying Transaction (as defined in TSX-V Policy 2.4).

The TSX Venture Exchange does not accept responsibility for the adequacy and accuracy of this release.

Contact Information

  • Parkland Energy Services Inc.
    Trevor Hillman
    (403) 350-0110
    (403) 346-4605 (FAX)