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One News Page » Category » Press Releases » Saturday, 7 November 2009 » Deepwell Announces Update on Financing

Deepwell Announces Update on Financing

Reported by marketwire
on Saturday, 7 November 2009
(2 weeks ago)

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CALGARY, ALBERTA--(Marketwire - Nov.
6, 2009) -
NOT FOR DISTRIBUTION TO U.S.
NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES.
Deepwell Energy Services Trust (TSX:DWL.UN) ("Deepwell" or the "Trust") is pleased to announce that it has finalized the terms of a rights offering to holders of its Units.�Deepwell will be issuing to holders of its outstanding Units of record at the close of business on November 19, 2009, transferable rights certificates to subscribe for Units before 4:30 p.m.
(Calgary time) on December 18, 2009, on the terms set out in a rights offering circular dated November 5, 2009 (the "Rights Offering Circular") to be mailed by Deepwell to its unitholders.�The Rights Offering Circular will also be available on the SEDAR website at www.sedar.com.
One right will be issued for each Unit outstanding and four rights will entitle the

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