/NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR DISSEMINATION IN THE UNITED STATES/
CALGARY, AB, Aug. 3, 2022 /CNW/ – STAMPEDE DRILLING INC. (TSXV: SDI) (“Stampede“, or the “Corporation“) is pleased to announce it has entered into a purchase and sale agreement (the “Agreement“) to acquire six drilling rigs and related assets (the “Acquisition“) from a private company (the “Vendor“) for total cash consideration of approximately $21.5 million (the “Purchase Price“). The Purchase Price will be funded by proceeds from a concurrent short form prospectus offering of common shares (“Offered Shares“) at a price of $0.32 per Offered Share (the “Offering Price“) for minimum gross proceeds of $22.5 million and maximum gross proceeds of $25 million (the “Offering“). The Acquisition and the Offering are expected to close on August 23, 2022, or such other date as may be agreed upon between the…
