CALGARY, AB, May 11, 2021
/CNW/ - SECURE Energy Services Inc. ("SECURE") (TSX: SES) and
Tervita Corporation ("Tervita") (TSX: TEV) are pleased to announce
that they have filed the joint management information circular (the
"Circular") in connection with the special meetings of holders of
SECURE common shares (the "SECURE Shareholders") and holders of
Tervita common shares, options to purchase common shares,
restricted share units and performance share units (collectively,
the "Tervita Securityholders"), each scheduled to be held on
June 15, 2021 (the "Meetings"). The
purpose of the Meetings is to seek the necessary securityholder
approvals for the proposed acquisition by SECURE of all the issued
and outstanding common shares of Tervita by way of a plan of
arrangement under the Business Corporations Act
(Alberta) (the "Arrangement"), as
previously announced on March 9,
2021.
SECURE and Tervita are also pleased to announce that the interim
order from the Court of Queen's Bench of Alberta in respect of the Arrangement was
obtained on May 6, 2021.
The Arrangement has been unanimously approved by the boards
of directors of each of SECURE and Tervita and each board of
directors recommends that SECURE Shareholders and Tervita
Securityholders, respectively, VOTE FOR the matters put before them
at the Meetings.
The Tervita Meeting will be held on June
15, 2021 at 9:00 a.m.
(Calgary time) and the SECURE
Meeting will be held at 10:00 a.m.
(Calgary time) on the same day. In
response to the global COVID-19 pandemic, SECURE and Tervita will
be convening and conducting virtual-only Meetings via live audio
webcasts. All Tervita Securityholders and SECURE
Shareholders who wish to attend the virtual Meetings must
follow the procedures set out in the Circular. Tervita
Securityholders and SECURE Shareholders will have an equal
opportunity to ask questions and participate online, regardless of
geographic location or particular constraints, circumstances or
risks due to the COVID-19 pandemic. Tervita Securityholders and
SECURE Shareholders who are unable to attend the virtual Meetings
are strongly encouraged to complete, sign and deliver the
applicable form of proxy (in the case of registered holders) or
voting instruction form (in the case of non-registered holders)
provided with the meeting materials, so that as many Tervita
Securityholders and SECURE Shareholders as possible are represented
at the Meetings.
Registered Tervita Securityholders and SECURE Shareholders who
have not already consented to electronic delivery should receive a
copy of the Circular by mail shortly. All non-registered
(beneficial) Tervita Shareholders and non-registered (beneficial)
SECURE Shareholders, can view the Circular and meeting materials
online on either of the company's websites or each company's
profile on SEDAR, as described in the notice-and-access
notifications mailed to these shareholders.
For any questions or assistance with submitting or registering
their proxies or submitting their voting instruction forms, Tervita
Securityholders and SECURE Shareholders should contact Odyssey
Trust Company, the joint transfer agent and registrar of Tervita
and SECURE, by telephone at (587) 885-0960 (local) or
1-833-394-7716 (toll free) or through their website at
odysseycontact.com.
About SECURE
SECURE is a publicly traded energy business listed on the TSX
providing industry leading customer solutions to upstream oil and
natural gas companies operating in western Canada and certain regions in the United States through its network of
midstream processing and storage facilities, crude oil and water
pipelines, and crude by rail terminals located throughout key
resource plays in western Canada,
North Dakota and Oklahoma. SECURE's core midstream
infrastructure operations generate cash flows from oil production
processing and disposal, produced water disposal, and crude oil
storage, logistics, and marketing. SECURE also provides
comprehensive environmental and fluid management for landfill
disposal, onsite abandonment, remediation and reclamation,
drilling, completion and production operations for oil and gas
producers in western Canada.
SECURE trades on the TSX as SES. For more information, visit
www.secure-energy.com.
About Tervita
Tervita is an environmentally-focused waste service provider in
Canada, providing a broad and
integrated array of services and environmental management solutions
for customers in the energy, industrial, and natural resource
sectors, predominantly in Western
Canada. For over 40 years, Tervita has been focused on
delivering safe and efficient solutions through all phases of a
project while minimizing impact, maximizing returns™. Tervita's
dedicated and experienced employees are trusted sustainability
partners to our clients. Safety is our top priority: it influences
our actions and shapes our culture. Tervita trades on the TSX as
TEV. For more information, visit www.tervita.com.
The Toronto Stock Exchange has neither reviewed nor accepts
responsibility for the adequacy or accuracy of this news
release.
SOURCE SECURE Energy Services Inc.