Ridgeline Energy Services Inc.

Ridgeline Energy Services Inc.

September 20, 2010 12:37 ET

Ridgeline Announces Completion of Private Placement

CALGARY, ALBERTA--(Marketwire - Sept. 20, 2010) - Ridgeline Energy Services Inc. ("Ridgeline" or the "Company") (TSX VENTURE:RLE), a Canadian publicly traded company www.ridgelinecanada.com announces that its non-brokered private placement was fully subscribed and was closed effective August 24, 2010. Further to the Company's news release of July 26, 2010, the private placement consisted of 3,312,500 units for gross proceeds of $662,500. The units are comprised of one common share and one common share purchase warrant. Each warrant shall be exercisable for a two year period from the date of issue at a price of $0.25.

Both the common shares and purchase warrants are subject to a 4 month resale restriction pursuant to National Instrument 45-102 (Resale of Securities). The securities issued under the private placement must not be traded before December 25, 2010 unless otherwise permitted under securities legislation.

About Ridgeline Energy Services, Inc.

Ridgeline provides environmental services to the Western Canadian energy industry through three operating subsidiaries: Ridgeline GreenFill Inc., Ridgeline Water Inc. and Ridgeline Environment Inc. These business units provide soil and wastewater treatment and environmental consulting solutions. With over a decade of serving the oil patch, Ridgeline brings experience, professionalism, and precision to the well site and the board room to assist producers in making the right choices for their business.

"This news release may contain forward-looking statements. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Such information is subject to known and unknown risks, uncertainties and other factors that could influence actual results or events and cause actual results or events to differ materially from those stated, anticipated or implied in the forward-looking information. Readers are cautioned not to place undue reliance on forward-looking information, as no assurances can be given as to future results, levels of activity or achievements."

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

  • Ridgeline Energy Services Inc.
    Tony Ker
    President and Chief Executive Officer
    (604) 682-7312
    Ridgeline Energy Services Inc.
    Tyler Heathcote
    (403) 806-2380