Brief: High Arctic To Buy Precision Drilling Snubbing Assets

High Arctic Energy Services

04/04/2019 22:38

April 4 (Reuters) - High Arctic Energy Services Inc
 HWO.TO :
    * HIGH ARCTIC ANNOUNCES ACQUISITION OF PRECISION DRILLING
SNUBBING
ASSETS
    * HIGH ARCTIC ENERGY SERVICES INC - PURCHASE PRICE OF A
TOTAL OF
$8.25 MILLION WILL BE SETTLED IN CASH FROM CASH ON HAND
    * HIGH ARCTIC ENERGY SERVICES INC - ACQUISITION WILL PROVIDE
HIGH
ARCTIC WITH TWELVE ADDITIONAL MARKETED SNUBBING UNITS

Source text for Eikon:  ID:nGNXc0rtw3 
Further company coverage:  HWO.TO 

 ((Reuters.Briefs@thomsonreuters.com;))