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.
