CALGARY, ALBERTA--(Marketwired - March 24, 2015) -

SECURE Energy Services Inc. ("Secure" or the "Corporation") (TSX:SES) announced today that it has closed its bought deal common share financing with a syndicate of underwriters co-led by Raymond James Ltd. and FirstEnergy Capital Corp. including National Bank Financial Inc., RBC Capital Markets, TD Securities Inc., CIBC World Markets Inc., Peters & Co Limited, Scotiabank, Canaccord Genuity Corp., Paradigm Capital Inc., AltaCorp Capital Inc. and Mackie Research Capital Corporation (collectively, the "Underwriters"). At closing, a total of 13,515,370 common shares of the Corporation were issued at a price of CDN$14.65 per share for gross proceeds of approximately $198 million, which included the full exercise by the Underwriters of their over-allotment option to purchase an additional 1,228,670 common shares.

The proceeds of the offering are expected to be used by the Corporation to fund the 2015 capital expenditure program, potential acquisitions that may be identified from time to time and for general working capital and corporate purposes. Until deployed for these purposes, the proceeds of the offering will temporarily be used to reduce the outstanding indebtedness under the Corporation's credit facility.

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