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Cathedral Energy Services Ltd (CET.TO)

CET.TO on Toronto Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Cathedral Energy provides update on its credit facility and initiation of strategic alternatives process
Monday, 29 Aug 2016 03:00am EDT 

Cathedral Energy Services Ltd : Cathedral energy services provides update on its credit facility and initiation of strategic alternatives process . Says Export Development Canada ("edc") has joined Cathedral's banking syndicate . Co's credit facility availability increased from that disclosed in Q2 results,credit facility commitments from BNS,NBF have decreased . Co's credit facility availability is now $36 million reducing to $33 million by December 31, 2016 and $28 million by March 31, 2017 . Says lenders have also agreed to extend maturity of Cathedral's credit facility to November 2017 . Initiated a process to identify, examine and consider a range of strategic alternatives available to company . For purposes of considering strategic alternatives, Cathedral has established a special committee of independent directors .Special committee retained Firstenergy Capital Corp as its financial advisor in connection with review of strategic alternatives.  Full Article

Cathedral Energy qtrly share loss $0.19
Tuesday, 9 Aug 2016 11:45pm EDT 

Cathedral Energy Services Ltd : Cathedral Energy Services reports results for 2016 Q2 . Qtrly share loss $0.19 .Revenues of $15,587 in 2016 Q2 compared to $29,679 in 2015 Q2.  Full Article

Cathedral Energy Services Ltd. announces settlement of U.S. collective action lawsuits
Tuesday, 9 Aug 2016 10:35am EDT 

Cathedral Energy Services Ltd : Cathedral Energy Services Ltd. announces settlement of united states collective action lawsuits . Under terms of settlement agreement, parties will establish a settlement fund of up to US$3.4 million . Entered into settlement agreement, release in respect of 2 wage and hour lawsuits filed against unit Cathedral Energy Services Inc .Settlement agreement contemplates structured quarterly payments which are subject to Cathedral's financial condition.  Full Article

Cathedral Energy qtrly diluted per share $0.27
Tuesday, 10 May 2016 11:50pm EDT 

Cathedral Energy Services Ltd : Qtrly diluted per share $0.27 .Cathedral energy services reports results for 2016 Q1.  Full Article

Cathedral Energy Services says it has undertaken number of organizational and operational changes to enhance U.S., Canadian business operations
Thursday, 10 Sep 2015 02:24pm EDT 

Cathedral Energy Services Ltd:Has undertaken a number of organizational and operational changes to enhance its U.S. and Canadian business operations.Neil Schappert will be assuming the role of vice president U.S. directional drilling.Effective September 1, 2015, Cathedral has opened an operating facility in Eunice, New Mexico.In October, Cathedral to be moving Saskatchewan and Manitoba operations base from Estevan, Saskatchewan to Emerald Parknhancements.  Full Article

Cathedral Energy Services Ltd announces quarterly dividend
Friday, 14 Aug 2015 09:00am EDT 

Cathedral Energy Services Ltd:Announces dividend in the amount of $0.04 per share which will have a date of record of Sep. 30, and a payment date of Oct. 15.  Full Article

Cathedral Energy Services approves Q2 dividend
Thursday, 7 May 2015 01:15am EDT 

Cathedral Energy Services Ltd:Approved a 2015 Q2 dividend in the amount of $0.04 per share which will have a date of record of June 30 and a payment date of July 15.  Full Article

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