CALGARY, ALBERTA ‐ Western Energy Services Corp. ('Western') (TSX: WRG) advises that its proposed arrangement (the 'Arrangement') with Savanna Energy Services Corp. ('Savanna') providing for the issuance of 0.85 of a Western common share and payment of $0.21 of cash for each Savanna common share has gained additional strong support from Savanna shareholders since its announcement. As of today, shareholders holding approximately 25% of the outstanding Savanna common shares have executed voting support agreements in favour of the Arrangement, or have indicated verbally to Western that they intend to vote in favour of the Arrangement. In addition, ongoing discussions between management and holders of a significant number of Savanna shares have been very well received, and as a result, management expects that additional support will be forthcoming.

Click here to view PDF.

Savanna Energy Services Corp. published this content on 24 March 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 24 March 2017 15:46:15 UTC.

Original documenthttp://www.savannaenergy.com/investors/news-releases/western-energy-services-corp-announces-agreements-with-savanna-energy-services-corp-shareholders/

Public permalinkhttp://www.publicnow.com/view/E9623B6BCDBA8CA5F30CF0436A5906E3F5DB854F