Ridgeline Graduates to Tier One Issuer on TSX Venture Exchange
Premier Tier Reserved for the Exchange's Most Advanced Issuers
CALGARY, Dec. 19, 2011 /PRNewswire/ - Ridgeline Energy Services Inc. (TSX-V: RLE; OTCQX: RGDEF) ("Ridgeline" or the "Company") announces that it has successfully graduated to the Tier 1 issuer level of the TSX Venture Exchange ("Exchange"), effective immediately. The Company's trading symbol will remain RLE.
As defined in TSX Policy 2.1, Tier 1 is the Exchange's premier tier and is reserved for the Exchange's most advanced Issuers with the most significant financial resources. The listing and maintenance standards are closer to those of most senior markets. Historically, Tier 1 Venture issuers account for the greatest proportion of Venture issuers that graduate to the senior market.
Tony Ker, CEO of Ridgeline commented, "Ridgeline's graduation is recognition of the strength and quality of our business, management and financial resources, and another corporate step reflecting the progression of the Company. This Tier 1 listing reflects our growth and maturation to a more senior issuer generating increasing revenues and profitability."
About Ridgeline Energy Services Inc.
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 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 recycle and reuse of: produced and hydraulic fracturing water; enhanced recovery chemical flood water; and oil sands process water. As well the Company is utilising its technology in the testing and treatment of commercial and industrial waste water. 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.
"Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. This news release may contain forward-looking statements. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Such information is subject to known and unknown risks, uncertainties and other factors that could influence actual results or events and cause actual results or events to differ materially from those stated, anticipated or implied in the forward-looking information. Readers are cautioned not to place undue reliance on forward-looking information, as no assurances can be given as to future results, levels of activity or achievements."
ON BEHALF OF THE BOARD OF DIRECTORS
"Tony Ker"
Tony Ker
CEO
SOURCE Ridgeline Energy Services Inc.
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article