Hyduke announces private placement

TSX Symbol: HYD

Website: www.hyduke.com

NISKU, AB, June 17 /CNW/ - Hyduke Energy Services Inc. (HYD - TSX), is pleased to announce that it has closed a private placement to a senior officer, pursuant to a prospectus exemption, effective June 16, 2010. The private placement was comprised of 2,196,533 common shares at a price of $0.40 per common share.

The private placement resulted in total gross proceeds to Hyduke of $878,613.

The net proceeds after expenses raised from the private placement will be used by Hyduke for working capital purposes.

The private placement is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including final approval of the Toronto Stock Exchange. The securities issued pursuant to the private placement are subject to a four-month hold period.

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The TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of this News Release.

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SOURCE Hyduke Energy Services Inc.

For further information: For further information: Gordon R. McCormack, CA, President and Chief Executive Officer, (780) 955-0355


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