High Arctic Energy Services (TSE:HWO) has released an update.
High Arctic Energy Services is in the process of reorganizing its business, aiming to separate its North American and Papua New Guinea operations. The plan, which has already received shareholder approval and a return of capital distribution, is awaiting final TSX approval for the listing of new shares. Shareholders will receive both SpinCo and New High Arctic Common Shares upon completion of the arrangement.
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