03:53 PM EST - Western Energy Services Corp. : announced that the acquisition, through its wholly-owned subsidiary Horizon Drilling Inc., of Impact Drilling Ltd., was completed effective today. Horizon acquired all of the outstanding securities of Impact by way of a plan of arrangement under the Business Corporations Act (Alberta). The total transaction value of the Arrangement was approximately $19.4 million (including the acquisition of outstanding securities, assumption of debt, working capital and transaction costs). Following the acquisition, Horizon and Impact amalgamated to continue as one entity under the name "Horizon Drilling Inc.". Western Energy Services Corp.
shares V.WRG are trading down $0.005 at $0.22.
