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Aveda Transportation and Energy Services Announces Restricted Share Unit Award Grants

Posted On April 17th
By : The Canadian Press
Comment: Off

FOR: AVEDA TRANSPORTATION AND ENERGY SERVICES
TSX VENTURE Symbol: AVE

Date issue: April 17, 2017
Time in: 12:19 PM e

Attention:

CALGARY, AB --(Marketwired - April 17, 2017) - Aveda Transportation and Energy Services Inc. ("Aveda" or the "Company") (TSX VENTURE: AVE), a leading provider of oilfield hauling services and equipment rentals to the energy industry, is pleased to announce that pursuant to the terms and conditions of its restricted share unit plan, Aveda has granted 343,400 restricted share units ("RSU") to certain officers of the Company. The RSUs vest immediately and have a term of three years.

About Aveda Transportation and Energy Services

Aveda provides specialized transportation services and equipment required for the exploration, development and production of petroleum resources in the Western Canadian Sedimentary Basin and in the United States of America principally in and around the states of Texas, Oklahoma, Pennsylvania, Wyoming and North Dakota. Transportation services include both the equipment necessary to move the load as well as a trained, professional driver capable of securing, moving and manipulating the load at its origin and destination. Aveda's rental operations include the rental of well-sites, tanks, mats, pickers, light towers and other equipment necessary for oilfield operations.

Aveda was incorporated in 1994 as a private company to serve the oil and gas industry. In the spring of 2006 the Company went public on the TSX Venture Exchange. Aveda has major operations in Calgary, AB, Leduc, AB, Edson, AB, Pleasanton, TX, Midland, TX, Pecos, TX, Marshall, TX, Williamsport, PA, Casper, WY, Williston, ND, and Oklahoma City, OK. Aveda is publicly traded on the TSX Venture Exchange under the symbol AVE. For more information on Aveda please visit www.avedaenergy.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 release.

- END RELEASE - 17/04/2017

For further information:

For more information, please contact:
Bharat Mahajan, CPA, CA
Vice President, Finance and Chief Financial Officer
(403) 264-5769
[email protected]

COMPANY:
FOR: AVEDA TRANSPORTATION AND ENERGY SERVICES
TSX VENTURE Symbol: AVE

INDUSTRY: Transportation and Logistics - Trucking, Energy and Utilities - Oil and Gas

RELEASE ID: 20170417CC006

Press Release from Marketwired 1-866-736-3779

All press releases are written by the client and have NO affiliation with the news copy written by The Canadian Press. Any questions that arise due to the content or information provided in the press release should be directed to the company/organization issuing the release, not to The Canadian Press.

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