Precision Drilling Corporation announces securityholder approval for trust conversion
2005年11月1日 - 9:03AM
PRニュース・ワイアー (英語)
CALGARY, Oct. 31 /PRNewswire-FirstCall/ -- Precision Drilling
Corporation ("Precision") is pleased to announce that it received
overwhelming securityholder approval at the special meeting held on
October 31, 2005. Securityholders voted 93.18% in favour of the
arrangement resolution. In addition, on October 31, 2005, the plan
of arrangement (the "Arrangement") was approved by the Court of
Queen's Bench of Alberta. Holders of a total of 0.66% of the
outstanding common shares of Precision exercised dissent rights
with respect to the Arrangement. The completion of the Arrangement
has been scheduled for Monday, November 7, 2005, subject to
receiving all regulatory approvals. Precision also announces that
it has appointed TD Newcrest, RBC Capital Markets and Tristone
Capital Inc. as financial advisors to provide Precision and
Precision Drilling Trust with general strategic advice from time to
time, as needed. Precision is listed on the Toronto Stock Exchange
under the trading symbols "PD" and "PD.U" and on the New York Stock
Exchange under the trading symbol "PDS". DATASOURCE: Precision
Drilling Corporation CONTACT: Hank B. Swartout, Chairman, President
and Chief Executive Officer, 4200, 150 - 6th Avenue S.W., Calgary,
Alberta, T2P 3Y7, Telephone: (403) 716-4500, Fax: (403) 264-0251,
Website: http://www.precisiondrilling.com/; Archived images on this
organization are searchable through CNW Photo Archive website at
http://photos.newswire.ca/. Images are free to accredited members
of the media. To request a free copy of this organization's annual
report, please go to http://www.newswire.ca/ and click on Tools for
Investors.
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