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Cathedral Energy Services shares rise after drilling veteran named CEO


Cathedral says it is issuing 500,000 units to Connors at 20 cents per unit or $100,000, with each unit consisting of a common share and a half-share warrant that allows the holder to buy a share for 24 cents in the next three years.
It says it will issue an additional 650,000 units to Connors paid for through a loan of $130,000.
Cathedral shares rose by as much as seven cents or 38 per cent to 25.5 cents in Toronto on Monday morning.
MacFarlane was the company s chief financial officer from 2001 to 2013, when he was promoted to chief executive.
This report by The Canadian Press was first published Feb. 8, 2021. ....

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Cathedral Energy Services shares rise after drilling veteran named CEO | iNFOnews


February 08, 2021 - 9:13 AM
CALGARY - Cathedral Energy Services Ltd. says industry veteran Tom Connors has been tapped to replace president and CEO Scott MacFarlane next month as he retires from the Calgary-based directional and horizontal drilling company.
Connors has worked in various leadership roles at much larger Ensign Energy Services Inc. over the past 18 years, including helping expand Ensign s directional services in Canada and with buying and integrating of two directional drilling businesses.
Cathedral says it is issuing 500,000 units to Connors at 20 cents per unit or $100,000, with each unit consisting of a common share and a half-share warrant that allows the holder to buy a share for 24 cents in the next three years. ....

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