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Gold/Mining/Energy : Western Energy Services Corp

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From: donpat	12/15/2014 12:37:54 PM
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Share buyback Western may purchase for cancellation up to 5,550,000 Common Shares in the capital of Western ("Common Shares"), which is 9.9% of Western's public float as at November 30, 2014. As of November 30, 2014, Western had 74.9 million issued and outstanding Common Shares. Pursuant to the rules of the TSX, the maximum number of Common Shares that the Company may purchase in any one day is 55,536 Common Shares or 25% of the Company's average daily trading volume of 222,145 Common Shares on the TSX. Western may also make one block purchase per calendar week which exceeds the daily purchase restriction. Any Common Shares purchased pursuant to the Bid will be cancelled by the Company. The Bid will commence on December 17, 2014 and will terminate on the earlier of: (i)December 16, 2015; and (ii) the date on which the maximum number of Common Shares are purchased pursuant to the Bid. Purchases of Common Shares under the Bid will be effected through the facilities of the TSX or any other exchange designated by the Ontario Securities Commission for the purposes of section 101.2 of theSecurities Act (Ontario) at the market price at the time of purchase.

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