Le Lézard
Classified in: Business
Subject: BOARD OF DIRECTORS

High Arctic Announces Director Resignation


NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW

CALGARY, Alberta, Aug. 09, 2023 (GLOBE NEWSWIRE) -- High Arctic Energy Services Inc. (TSX: HWO) "High Arctic" or the "Corporation" announces today that Daniel Bordessa has tendered his resignation as a director effective immediately. Mr. Bordessa has been a director of the Corporation since April 2011. Mr. Bordessa sits on the Board's Audit, QHSE, Remuneration and Executive Committees. The Board will replace Mr. Bordessa on these committees from among the four remaining directors.

Mr. Bordessa is a partner of Cyrus Capital Partners, L.P. ("Cyrus"). Cyrus is the investment manager to certain funds who are the sole shareholders of FBC Holdings Sàrl ("FBC"). FBC owned 21,916,634 common share or 45.0% of the issued and outstanding common shares of High Arctic as of July 20, 2023. The Corporation has been informed by Cyrus that they continue to support High Arctic and its Board of Directors in their efforts to maximize value for all shareholders through the contemplated reorganization.

Michael Binnion, High Arctic's Chairman stated: "On behalf of the board I would like to thank Dan for his dedication and commitment to High Arctic over the past twelve years. Dan has played an important role in the evolution of High Arctic and we wish him all the best. His departure provides the rest of the board the opportunity to independently contemplate imminent key decisions, in the interest of all shareholders."

About High Arctic

High Arctic is an energy services provider. High Arctic is a market leader in Papua New Guinea providing drilling and specialized well completion services and supplies rental equipment including rig matting, camps, material handling and drilling support equipment. In western Canada, High Arctic provides pressure control equipment on a rental basis to exploration and production companies.

For further information, please contact:

Mike Maguire
Chief Executive Officer
1.587.318.3826
1.800.668.7143

High Arctic Energy Services Inc.
Suite 2350, 330?5th Avenue SW
Calgary, Alberta, Canada T2P 0L4
website: www.haes.ca
Email: [email protected]



These press releases may also interest you

at 20:30
BRAEMAR HOTELS & RESORTS UPDATES STOCKHOLDERS THAT 'ACTIVIST' BLACKWELLS CAPITAL'S ATTEMPTED WITHHOLD PROXY CAMPAIGN AT ASHFORD TRUST HAS FAILED
Braemar Hotels & Resorts Inc. ("Braemar" or the "Company") today announced that, based on estimated preliminary results, Blackwells Capital LLC's ("Blackwells") withhold proxy campaign at Ashford Hospitality Trust, Inc. ("Ashford Trust") proved to...

at 20:25
ASHFORD HOSPITALITY TRUST ANNOUNCES PRELIMINARY RESULTS OF ITS 2024 ANNUAL MEETING OF STOCKHOLDERS 'ACTIVIST' BLACKWELLS EFFORTS THWARTED
Ashford Hospitality Trust, Inc. ("Ashford Trust" or the "Company") is pleased to report estimated preliminary results of its 2024 Annual Meeting of Stockholders and noted that Blackwells Capital LLC's ("Blackwells") attempted withhold proxy campaign...

at 20:23
Sagicor Financial Reports First Quarter 2024 Results and Announces Meeting of Shareholders, Availability of 2023 Management Information Circular, Annual Report and Annual Information Form
This news release for Sagicor Financial Company Ltd. ("Sagicor Financial" or "Sagicor" or the "Company") should be read in conjunction with the Company's Management's Discussion & Analysis ("MD&A") and the Condensed Consolidated Financial Statements...

at 19:45
Discovery Reports First Quarter 2024 Financial Results
Discovery Silver Corp. ("Discovery" or the "Company") today announced financial results for the three months ended March 31, 2024 ("Q1 2024"). The Company also provided a summary of key events since the beginning of 2024, including the release on...

at 19:16
Leading Independent Proxy Advisory Firms ISS and Glass Lewis Recommend Indigo Shareholders Approve Arrangement with Trilogy
Indigo Books & Music Inc. ("Indigo" or the "Company"), Canada's leading book and lifestyle retailer, is pleased to announce that Institutional Shareholder Services ("ISS"), a leading independent proxy advisory firm that provides voting...

at 19:01
New Chandler Good Government Index Shows Russian Government In Steep Decline, As The Country Struggles Under The Strains Of Putin's War
The Chandler Institute of Governance (CIG) launches the fourth edition of the Chandler Good Government Index (CGGI) today live from London with an event featuring The Hon. Julia Gillard AC, Australia's 27th Prime Minister. Standing out amongst this...

More news about Business...


News published on and distributed by: