CALGARY, July 24, 2018 /CNW/ - New West Energy Services Inc. (TSXV: NWE), an oil and gas and environmental services company focused on Western Canada, today announced the engagement of The Howard Group to act as NWE's capital markets communications advisor and grant of stock options.
Engagement of The Howard Group
NWE has engaged The Howard Group to act as NWE's capital markets communications advisor to direct both traditional and online initiatives targeting the investment community and multiple investing communities.
The engagement is for one year and NWE will pay to The Howard Group a fee of $7,500 per month plus GST. In addition, NWE will grant to The Howard Group stock options to purchase 272,000 common shares of NWE at an exercise price of $0.10 per share. The stock options will have a term of three years from the date of grant; vest in four equal amounts every three months from the date of grant; be subject to a four month hold period; and be subject to acceptance for filing by the TSX Venture Exchange.
Since 1988, The Howard Group has provided comprehensive investor outreach and capital markets programs, financing assistance, business development solutions and strategic planning to public companies.
The Howard Group Inc. will be providing an ongoing commentary on NWE's activities through its "InsightLIVE" blog. Interested parties are encouraged to subscribe to their commentary feed at https://howardgroupinc.com/howard-group-blog/.
Grant of Stock Options
NWE also announced that it granted to certain directors, officers and employees five-year incentive stock options to purchase an aggregate of 956,000 common shares at an exercise price of $0.10 per share.
About New West Energy Services
NWE is a recognized leader in Western Canada in comprehensive waste management and environmental services, including transportation and disposal, in the drilling, completions and production sectors of the oil and gas industry. NWE management and senior operations personnel have collectively over 100 years of experience in energy services and have worked together for over 20 years. The company operates through its main service centres in Grande Prairie and Medicine Hat, Alberta, and has its head office in Calgary, Alberta. For more information see www.newwestenergyservices.com.
Neither the 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 release.
SOURCE New West Energy Services Inc.
For further information: Contact Information: New West Energy Services Inc., Attention: Gerry E. Kerkhoff, President and Chief Executive Officer, Phone: 403.984.9798 or 1.888.977.2327 (BEAR), Fax: 403.984.9799, Email: [email protected], Website: www.newwestenergyservices.com; or The Howard Group Inc. (Investor Relations), Attention: Dave Burwell, Vice President, Phone: 403.221.0915 or 1.888.221.0915, Email: [email protected], Website: www.howardgroupinc.com