David E. Mullen - Acquisition of Additional Shares of Cordy Oilfield Services Inc.

CALGARY, Sept. 9, 2011 /CNW/ - This announcement relates to the holdings of David E. Mullen ("Mr. Mullen") in Cordy Oilfield Services Inc. (TSXV: CKK) ("Cordy").

On September 8, 2011, Mr. Mullen acquired control or direction over 600,000 common shares ("Common Shares") of Cordy, through the facilities of the TSX Venture Exchange, at an average price of $.387 per Common Share. Prior to such acquisition, Mr. Mullen, personally and through his wholly-owned holding company, Lyncorp International Ltd. ("Lyncorp") owned and controlled an aggregate of 16,569,534 Common Shares representing approximately 18.96% of the outstanding Common Shares of Cordy.  Immediately after the acquisition, Mr. Mullen and Lyncorp, directly and indirectly, have ownership or control of an aggregate of 17,169,534 Common Shares representing approximately 19.66% of the issued and outstanding Common Shares of Cordy.

Mr. Mullen acquired the Common Shares for investment purposes and Mr. Mullen and Lyncorp may, depending on market and other conditions, increase or decrease his beneficial ownership, control or direction over the Common Shares or other securities of Cordy, through market transactions, private agreements, treasury issuances, exercise of convertible securities or otherwise.

Mr. Mullen will be filing a report under National Instrument 62-103 - The Early Warning System of the Canadian Securities Administrators in connection with the Transaction. 

SOURCE David E. Mullen

For further information:

For further information and to obtain a copy of such report please contact Mr. Mullen, 75 Suncanyon Park S.E., Calgary, Alberta, T2X 1P4.

Profil de l'entreprise

David E. Mullen

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