CALGARY, ALBERTA–(Marketwired – Oct. 1, 2014) –
NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA
DIVERGENT Energy Services Corp. (TSX VENTURE:DVG) (the “Corporation“) is pleased to announce the appointment of Mr. Rob Riecken to its board of directors. Mr. Riecken brings over 30 years of experience in various capacities of the Exploration and Production business, including 17 years with Devon Energy in various senior management roles in engineering, exploitation and operations, and most recently as General Manager, drilling and completions. Prior to joining Devon Energy, Mr. Riecken held engineering and management positions in Canada with Ranchmen’s Resources and Northstar Energy, and internationally with Total SA. Mr. Riecken has a Bachelor of Science in Petroleum Engineering and holds a Professional Engineering designation with APEGA. “We are very excited about the addition of Mr. Riecken to the Board. His extensive background in oil and gas operations brings another key layer of expertise to the organization”, states Ken Berg, President and Chief Executive Officer of the Corporation.
The Corporation also announces that, subject to regulatory approval, its board of directors has approved, effective October 1, 2014, the grant of 400,000 stock options (the “Options“) to its new director. The Options are exercisable into common shares of the Corporation at an exercise price of $0.33 per common share. The Options all vest as to one-third at 12 months, one-third at 24 months and one-third at 36 months from the date of grant and have a five year term to expiry.
Headquartered in Calgary, Alberta, DIVERGENT Energy Services Corp. provides an array of specialized products and services that are used in the energy, mining, and industrial & agricultural water industries.
Neither the 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 release.
President and Chief Executive Officer
DIVERGENT Energy Services Corp.
Chief Financial Officer and Corporate Secretary
(403) 543-0069 (FAX)