High Arctic Completes Reorganization and Reports Q2 Results

High Arctic Energy Services (TSE:HWO) has released an update.

High Arctic Energy Services has announced its Q2 2024 results and the completion of a significant corporate reorganization, resulting in a spin-off of its PNG business into a new company, SpinCo, which will trade on the TSX Venture Exchange. The reorganization also included a return of capital to shareholders and has left both High Arctic and SpinCo with strong, debt-free financial positions to support future growth.

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