June 28 (Reuters) - Strad Energy Services Ltd -:Strad Energy Services Ltd - approved an increase to its 2017 capital expenditure program of $11 million, from $15 million to $26 million.
June 28 (Reuters) - TerraVest Capital Inc ::TerraVest announces renewal of normal course issuer bid for its debentures.TerraVest Capital-got approval to renew NCIB for up to $1.8 million of issued and outstanding 7.00% convertible unsecured subordinated debentures due June 30, 2020.
June 19 (Reuters) - Seacor Holdings Inc :Seacor announces adjustment to the conversion rate of its 2.50% convertible senior notes due 2027 and its 3.00% convertible senior notes due 2028.Seacor Holdings - conversion rate for notes due 2027 was adjusted to 18.4176 from 12.0015 shares of stock per $1,000 principal amount of notes due 2027.Seacor Holdings - conversion rate on notes due 2028 was adjusted to 12.1789 from 7.9362 shares of co's stock per $1,000 principal amount of notes due 2028.
June 19 (Reuters) - ELECTROMAGNETIC GEOSERVICES ASA ::EMGS - ANNOUNCEMENT OF TERMS OF RIGHTS ISSUE.RIGHTS ISSUE WILL COMPRISE AN OFFERING OF 58,634,735 NEW SHARES AT A SUBSCRIPTION PRICE OF NOK 2.45.BOARD OF DIRECTORS OF EMGS HAS APPROVED FINAL TERMS OF RIGHTS ISSUE.GROSS PROCEEDS TO BE RAISED IN RIGHTS ISSUE WILL BE NOK 143,655,100.SUBSCRIPTION PRICE REPRESENTS A DISCOUNT TO THEORETICAL EX-RIGHTS PRICE (TERP) OF APPROXIMATELY 20% BASED ON CO'S AVERAGE CLOSING SHARE PRICE OF NOK 4.16 FOR WEEK 24.
June 14 (Reuters) - National Petroleum Services Company ::EGM approves capital increase to 10 million dinars from 5.8 million dinars.
June 12 (Reuters) - Weir Group Plc ::Weir acquires leading oil and gas technology provider kop surface products . Acquisition of KOP 1 for c.us$114m (£89m 2 ).Acquires leading oil and gas technology provider KOP Surface Products for c.us$114m.Full Year expectations unchanged with profits h2 weighted as previously indicated.Integration costs are expected to total us$2m and generate run rate annual cost and procurement synergies of c.us$2m by end of that period.completion is subject to fulfilment of certain conditions and is anticipated to take place in q3 2017.Deal to be funded through issue of new ordinary shares equivalent to approximately 2% of issued capital.Order input trends in April and May were in line with expectations and the Group's full year guidance for 2017 is unchanged.
June 8 (Reuters) - Divergent Energy Services Ltd ::Divergent Energy Services Corp announces private placement.Divergent Energy Services - will be conducting a non-brokered private placement of up to 5 million common shares of co priced at $0.15 per common shares.Divergent Energy Services - in connection with offering, co may pay finder's fee, finder's warrants of up to 6% of gross proceeds of offering.Divergent Energy Services - net proceeds will be used to advance commercialization of corporation's linear pump by providing needed capital to acquire complete linear pump systems.
June 7 (Reuters) - Ceiba Energy Services Inc ::Ceiba Energy Services Inc and Secure Energy Services Inc Amend terms of arrangement.Pursuant amendment, secure has agreed to acquire all of issued and outstanding common shares of Ceiba.Ceiba Energy Services - as per amendment, holders of debentures of co will receive $1,215 for each $1,000 principal amount of debentures.
June 7 (Reuters) - Offshore Oil Engineering Co Ltd <600583.SS> ::* Says it will pay cash dividend of 0.10 yuan(before tax)/share for 2016 to shareholders of record on June 13 .* The company's shares will be traded ex-right and ex-dividend on June 14 and the dividend will be paid on June 14 .
May 26 (Reuters) - Profire Energy Inc ::Profire energy purchased 1.3 million shares of PFIE for a total of $1,703,000 from CEO Brenton Hatch and extended its stock repurchase program an additional 12 months.After sale of shares, Hatch still beneficially owns 12,450,000 shares or approximately 23 pct of Profire's outstanding stock.Board of directors approved continuation of Profire's previously implemented stock repurchase program.Profire is now authorized to purchase up to $2 million worth of its common stock through end of May 2018.Shares repurchased pursuant to stock redemption agreement were not purchased as part of co's previously announced repurchase program.