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-Trinidad Announces Termination of the Precision Arrangement Agreement, Voluntary Resignation of Trinidad Directors and Senior Officers and Replacement with Ensign Appointees

Nov 30, 2018 - ENP Newswire
Board and Executive Moves-Investments

Trinidad Drilling Ltd. (TSX: TDG) ('Trinidad') announces that Ensign Energy Services Inc. (TSX: ESI) ('Ensign') has confirmed to Trinidad that Ensign's wholly-owned subsidiary Ensign Holdings Inc. has taken up approximately 56.38 per cent of the common shares of Trinidad ('Trinidad Shares') tendered to its offer for Trinidad Shares at $ 1.68 per share (the 'Offer'), which together with the 26,863,239 Trinidad Shares already owned by Ensign, represents approximately 66.18 per cent of the issued a...