SOURCE: Xtreme Drilling Corp.

Xtreme Drilling Corp.

July 04, 2016 19:14 ET

Xtreme Drilling and Coil Services Corp. Announces Name Change to Xtreme Drilling Corp.

CALGARY, AB--(Marketwired - July 04, 2016) - (TSX: XDC) - Xtreme Drilling and Coil Services Corp. ("Xtreme" or the "Company") is pleased to announce that Xtreme's planned name change from "Xtreme Drilling and Coil Services Corp." to "Xtreme Drilling Corp." is now complete. The name change resolution was approved by shareholders at the Company's special meeting of shareholders held on June 21, 2016 to consider the sale of its XSR coiled tubing drilling and coiled tubing assets to Schlumberger for C$205 million, which closed on June 23, 2016.

The Board of Directors of Xtreme and the shareholders of Xtreme have approved the name change. The Toronto Stock Exchange ("TSX") has informed Xtreme that the common shares of Xtreme will commence trading under the new name two or three business days following the date of this announcement. Xtreme will retain the TSX trading symbol "XDC" for its common shares.

For more information about Xtreme, please visit www.xtremecoil.com.

Contact Information

  • For further information, please contact:

    Matt Porter
    President and Chief Financial Officer
    tel: +1 281 994 4604
    e-mail: ir@xtremecoil.com
    www.xtremecoil.com

    Xtreme Drilling Corp.
    9805 Katy Freeway, Suite 650
    Houston, TX 77024