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Savanna Energy Services Corp (SVY.TO)

SVY.TO on Toronto Stock Exchange

1.94CAD
26 May 2017
Change (% chg)

$-0.02 (-1.02%)
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$1.96
Open
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Volume
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Latest Key Developments (Source: Significant Developments)

Total Energy Services, Savanna Energy Services announce proposed amalgamation of Savanna and 2043324 Alberta Ltd.
Friday, 19 May 2017 05:04pm EDT 

May 19 (Reuters) - Savanna Energy Services Corp :Total Energy Services Inc and Savanna Energy Services Corp announce proposed amalgamation of Savanna and 2043324 Alberta Ltd.Co acquired 99.8 million savanna shares under offer, representing approximately 84.4% of total number of outstanding Savanna shares.In addition, Total Energy acquired aggregate of 1.8 million Savanna shares in market transactions while offer was outstanding.  Full Article

Savanna Energy Services names Lyle Whitmarsh president
Thursday, 18 May 2017 05:15pm EDT 

May 18 (Reuters) - Savanna Energy Services Corp :Savanna Energy Services Corp announces executive appointment.Savanna Energy Services Corp - announces appointment of Lyle Whitmarsh as president of Savanna.  Full Article

Savanna Energy Services announces Q1 loss per share C$0.17
Friday, 12 May 2017 07:03pm EDT 

May 12 (Reuters) - Savanna Energy Services Corp :Savanna Energy Services Corp. announces first quarter 2017 results and temporary waiver amendment and extension from syndicated credit facility lenders.Q1 loss per share C$0.17.Q1 revenue C$117.3 million versus I/B/E/S view C$111.1 million.Q1 earnings per share view C$-0.08 -- Thomson Reuters I/B/E/S.Savanna expects activity to continue improving for remainder of 2017 relative to 2016.  Full Article

Savanna Energy announces change of control offer for outstanding senior notes
Monday, 24 Apr 2017 04:51pm EDT 

April 24 (Reuters) - Savanna Energy Services Corp ::Savanna announces change of control offer for outstanding senior notes and temporary waiver from syndicated credit facility lenders.Issued notice of change of control to repurchase outstanding cdn. $107.085 million of 7.00% senior unsecured notes due 2018.To repurchase senior unsecured notes due 2018 at price of 101% of aggregate amount of notes repurchased, plus accrued,unpaid interest.  Full Article

Total Energy Services acquires additional shares of Savanna Energy Services
Friday, 21 Apr 2017 07:09pm EDT 

April 21 (Reuters) - Total Energy Services Inc TOT.TO::Total Energy Services Inc. Announces acquisition of shares of Savanna Energy Services Corp. On the tsx.Purchased 299,500 Savanna shares on april 21.  Full Article

Total Energy Services acquires TSX-listed shares of Savanna Energy
Thursday, 20 Apr 2017 07:43pm EDT 

April 20 (Reuters) - Total Energy Services Inc TOT.TO::Total Energy Services Inc. Announces acquisition of shares of Savanna Energy Services Corp. On the TSX.Purchased 40,500 Savanna shares on april 20.  Full Article

Total Energy Services purchased 60,000 Savanna shares on April 19
Wednesday, 19 Apr 2017 08:02pm EDT 

April 19 (Reuters) - Total Energy Services Inc :Total Energy Services Inc. announces acquisition of shares of Savanna Energy Services Corp. on the TSX.Purchased 60,000 Savanna shares on April 19.  Full Article

Savanna Energy Services announces Receipt of demand for payment of termination fee
Tuesday, 18 Apr 2017 01:55pm EDT 

April 18 (Reuters) - Savanna Energy Services Corp :Savanna energy services - received demand from western energy for payment of termination fee in amount of $20 million pursuant agreement dated March 8, 2017.Says "Savanna is of view there is no basis for claim made by Western in notice".  Full Article

Western Energy Services issued demand for payment to Savanna Energy services for termination fee of $20 mln
Tuesday, 18 Apr 2017 07:30am EDT 

April 18 (Reuters) - Savanna Energy Services Corp :Western Energy Services - issued formal demand for payment to Savanna Energy services for payment of termination fee of $20 million related to arrangement dated march 8.Western Energy Services Corp - Western believes that it is entitled to damages including termination fee provided for under arrangement agreement.Western Energy Services - if Savanna fails to make payment promptly, co will commence litigation by filing statement of claim against Savanna.Western Energy Services Corp says Western's demand for payment provides savanna with five business days in which to pay termination fee.  Full Article

Savanna announces receipt of demand for payment pursuant to second lien credit facility
Tuesday, 11 Apr 2017 09:25pm EDT 

Savanna Energy Services Corp : Savanna announces receipt of demand for payment pursuant to second lien credit facility . Savanna energy services -reviewing impact of notice and refinancing options, will look to engage with total with respect to refinancing options . Savanna energy services corp - received notice of event of default pursuant to credit facility with aimco as result of acquisition by total energy services .Aimco has demanded immediate payment of all obligations outstanding under facility.  Full Article

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BRIEF-Total Energy Services, Savanna Energy Services announce proposed amalgamation of Savanna and 2043324 Alberta Ltd.

* Total Energy Services Inc and Savanna Energy Services Corp announce proposed amalgamation of Savanna and 2043324 Alberta Ltd