Investors: 2006 Press Release Archive
HSE Integrated Ltd. Closes Equity Financing
NEWS RELEASE – April 26, 2006
HSE Integrated Ltd. ("HSE" or the "Company"), which trades under "HSL" on the TSX Venture Exchange, is pleased to announce that it has closed a previously announced (April 5, 2005) agreement with Blackmont Capital Inc. (“Blackmont’) pursuant to which Blackmont, together with Westwind Partners Inc. and Jennings Capital Inc. (the “Underwriters”), have purchased 3,000,000 common shares at $3.55 per share. The Underwriters also exercised their option to purchase an additional 300,000 shares at the issue price. The offering resulted in total gross proceeds to the Company before commissions and expenses of $11,715,000.
The proceeds raised from the offering shall be used by HSE to fund capital expenditures and for general corporate purposes.
HSE is an integrated supplier of industrial Health, Safety and Environmental services to industry with a major focus on oil and natural gas. Through Company locations across Canada, HSE is developing a national service infrastructure and an increasingly comprehensive service package to assist industry in meeting its obligation to protect workers, assets and the community.
HSE trades on the TSX Venture Exchange under the symbol "HSL".
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
For more information please contact:
David Yager, Chairman & CEO
Telephone: (403) 266-1833
E-Mail: