High Arctic Energy Services Inc.
TSX : HWO

High Arctic Energy Services Inc.

July 26, 2005 15:53 ET

Update: High Arctic IPO raised $80 Million

RED DEER, ALBERTA--(CCNMatthews - July 26, 2005) - A July 21, 2005 news release inaccurately stated the total raised by the recent initial public offering of High Arctic Energy Services Trust (TSX: HWO.UN). Pursuant to the IPO, the Trust issued 8,000,000 trust units at $10.00 per unit for gross proceeds of $80 million. The additional 996,572 units included in the original release were issued as part of a concurrent private placement, not part of the IPO. The Trust regrets any confusion this may have caused.

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