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Abstract
Ridgeline Energy Services Inc. is an energy services technology and consulting company focused on waste management in the oil and gas industry. Through its subsidiary Ridgeline Water Inc., the Company is applying proprietary technology to efficiently and cost effectively treat the large volumes of contaminated water generated by oil and gas production. The Company is working with energy majors in the application of its technology for the treatment of produced and hydraulic fracturing water, and oil sands process water for recycle and reuse. As well the company is utilising its technology in the testing and treatment of commercial and industrial waste water applications. Through its environmental consulting and remediation subsidiaries, Ridgeline Environment Inc. and Ridgeline GreenFill Inc., the Company has built a reputation as an established provider of environmental services to North America's oil and gas industry. The Company trades on the TSX Venture Exchange under the symbol "RLE" and the OTCQX as "RGDEF". Additional information is available on the Company's website at: www.ridgelinecanada.com.
Ridgeline Energy Services Inc. (TSX VENTURE:RLE)(OTCQX:RGDEF) ("Ridgeline" or the "Company") today announced that it has entered into an agreement with a syndicate of underwriters led by Mackie Research Capital Corporation and including National Bank Financial Inc. (the "Underwriters") whereby the Underwriters have agreed to purchase, on a bought-deal basis, 7,333,400 common shares of the Company (the "Common Shares") at a price of $0.60 (the "Offering Price") per Common Share, for gross proceeds to the Company of approximately $4,400,040 (the "Offering").