CALGARY, July 18, 2012 /CNW/ - Ridgeline Energy Services Inc. (TSX-V:
RLE; OTCQX: RGDEF) ("Ridgeline" or the "Company"). Further to the
Company's news release of June 13, 2012 in conjunction with the closing
of the Company's bought deal financing, in consideration for their
services, the Underwriters have been paid a cash commission of 7.0% of
the gross proceeds equaling $805,016.10 and 7.0% compensation options
totaling 1,150,023 options.
About Ridgeline Energy Services Inc.
Ridgeline Energy Services Inc. is an energy services and water treatment company. The Company is
applying proprietary technology to treat water generated from
industrial and commercial waste water markets. These markets include a
wide variety of clients across a broad spectrum of industries including
oil and gas. Through its environmental consulting and remediation
divisions, Ridgeline Environment has built a reputation as an established provider of environmental
services to the Western Canadian oil and gas industry. Ridgeline GreenFill provides soil remediation and water treatment services to the oil and
gas industry. The Company trades on the TSX Venture Exchange under the
symbol "RLE" and the OTCQX as "RGDEF". Additional information is
available on the Company's website at: www.ridgelinecanada.com.
ON BEHALF OF THE BOARD OF DIRECTORS
Tony Ker, CEO
"Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this news
release. This news release may contain forward-looking statements.
Forward-looking statements address future events and conditions and
therefore, involve inherent risks and uncertainties. Actual results may
differ materially from those currently anticipated in such statements. Such information is subject to known and unknown risks, uncertainties
and other factors that could influence actual results or events and
cause actual results or events to differ materially from those stated,
anticipated or implied in the forward-looking information. Readers are
cautioned not to place undue reliance on forward-looking information,
as no assurances can be given as to future results, levels of activity
SOURCE Ridgeline Energy Services Inc.
For further information:
Ryan Johnson of Ridgeline Energy Services Inc.
(604) 566-8066 ext. 3 (Vancouver)
Robert Blum, Joe Diaz or Joe Dorame
Lytham Partners, LLC
(602) 889-9700 (Phoenix)