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Oil Related Services and Equipment

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Dof: Final result of rights issue and transactions by primary insiders

Thursday, 28 Jul 2016 03:45am EDT

Dof ASA : At the expiry of the subscription period, the Company had received subscriptions for a total of 1,059,869,852 Offer Shares .Company will use proceeds from rights issue in excess of Norwegian crowns 850 million to offer to repurchase bonds in new subordinated convertible bond with a nominal value of 1,032.5 million crowns.

Rem Offshore enters into agreement to merge with Solstad Offshore

Thursday, 28 Jul 2016 01:59am EDT

Rem Offshore ASA : Enters into agreement to merge with Solstad Offshore (SOFF) . Merger will be completed as a statutory triangular merger . Merger will be based on an agreed exchange ratio of 0.0696 SOFF shares per REM share . Solstad will be surviving company . Solstad will create a new class B shares which will have same economic rights as ordinary shares in SOFF . Åge Remøy and related companies will receive 6 million SOFF class A shares for first 75 million Norwegian crown REM shares subscribed by them in REM's 150 million crown directed share issue .Extraordinary shareholders meetings in REM and SOFF are expected to be held on or around Oct. 1, 2016.

Rem Offshore enters into agreement to merge with Solstad Offshore

Thursday, 28 Jul 2016 01:59am EDT

Rem Offshore ASA : Enters into agreement to merge with Solstad Offshore (SOFF) . Merger will be completed as a statutory triangular merger . Merger will be based on an agreed exchange ratio of 0.0696 SOFF shares per REM share . Solstad will be surviving company . Solstad will create a new class B shares which will have same economic rights as ordinary shares in SOFF . Åge Remøy and related companies will receive 6 million SOFF class A shares for first 75 million Norwegian crown REM shares subscribed by them in REM's 150 million crown directed share issue .Extraordinary shareholders meetings in REM and SOFF are expected to be held on or around Oct. 1, 2016.

SAExploration announces 135-to-1 reverse stock split

Tuesday, 26 Jul 2016 10:06am EDT

SAExploration Holdings Inc : SAExploration announces 135-to-1 reverse stock split . Following reverse stock split, number of outstanding shares of common stock was reduced by a factor of 135 .Says common stock will begin trading on a split-adjusted basis when market opens on July 27, 2016.

Rem Offshore evaluates strategic alternatives and postpones EGM

Monday, 18 Jul 2016 09:31am EDT

Rem Offshore ASA : In a bondholder meeting on July 18, 2016, bondholders controlling more than 1/3 of bonds in company's REM04PRO Bond Issue have rejected terms of proposed refinancing . Will initiate discussions with the various stakeholders of the company, including its creditors .EGM scheduled to be held on 21 july 2016, will be postponed.

BW Offshore resolves and sets terms of $100 mln rights issue

Monday, 27 Jun 2016 03:28am EDT

BW Offshore Ltd : Rights issue resolved and announcement of terms of the rights issue . Says has now resolved and set terms of fully underwritten $100 million rights issue to be carried out in connection with plan . Says issued share capital of company will be increased by $85,598,100 through issue of 8,559,810,000 new common shares of $0.01 each . Rights issue will result in gross proceeds to company of 855,981,000 Norwegian crowns ($100 million) .Says subscription price is set at 0.10 crown per offer share, representing a discount of about 30.1 pct to theoretical price for shares of company following rights issue (TERP) calculated on basis of company's closing share price of 0.68 crown on June 24, 2016.

DOF confirms equity raise will have form of rights issue

Tuesday, 7 Jun 2016 02:55am EDT

DOF ASA :Confirms that equity raise will be carried out as a rights issue.

Cwc Energy Services renews normal course issuer bid for common shares

Friday, 3 Jun 2016 05:28pm EDT

CWC Energy Services Corp : Renews normal course issuer bid for its common shares . Says anticipated that NCIB bid will commence on June 8, 2016 and will terminate on June 7, 2017 .Says intends to renew its NCIB to purchase for cancellation, a maximum of 19.5 million common shares.

Beijing Etrol Technologies adjusts private placement new share quantity to 50.18 mln shares

Monday, 30 May 2016 11:43pm EDT

Beijing Etrol Technologies <300370.SZ>:Says it adjusts private placement new share quantity to up to 50.18 million shares from up to 25 million shares due to 2015 dividend payment.

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