/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES/
CALGARY, May 6 /CNW/ - IROC Energy Services Corp. ("IROC" or the
"Company") (TSXV: "ISC") announces that Newton (Trey) Wilson III has
resigned from the board of directors of the Company. Mr. Wilson, the
Executive Vice President and Chief Operating Officer of Key Energy
Services, Inc., was Key Energy's representative on the IROC board
pursuant to an agreement entered into between the companies in 2005.
Pursuant to the agreement if, at any time, Key Energy's ownership
position in IROC exceeded a certain percentage of the total issued and
outstanding shares of IROC, Key was entitled to nominate up to two
members for the IROC board of directors. Prior to April 11, 2011, Key's
ownership in IROC had exceeded the threshold under the agreement and
Mr. Wilson had served as one of Key Energy's nominee's on the IROC
board since 2005. On April 11, 2011, Key divested all of its interest
in IROC and, accordingly, the agreement with respect Key Energy's right
to board seats terminated.
Tom Alford, President and Chief Executive Officer of IROC stated, "We
would like to thank Trey for his many years of service and contribution
to our Company. He has provided a valued perspective to our board over
the past six years."
About IROC Energy Services Corporation
IROC Energy Services Corp. is an Alberta oilfield services company that,
through the IROC Energy Services Partnership, provides a diverse range
of products, services and equipment to the oil and gas industry that
are among the newest and most innovative in the Western Canadian
Sedimentary Basin and international markets. IROC combines
cutting-edge technology with depth of experience to deliver a product
and services offering in the following core areas: Well Servicing &
Equipment, Downhole Temperature & Pressure Monitoring Tools, Rental
Services and Coiled Tubing Services. For more information on IROC
Energy Services Corp. visit our website at www.iroccorp.com.
This press release is not for dissemination in United States or to any
United States news services. The Common Shares of IROC have not and
will not be registered on the United States Securities Act of 1933, as amended (the "United States Securities Act") or any state securities laws and are not offered or sold in the
United States or to any US person except in certain transactions exempt
from the registration requirements of the United States Securities Act and applicable state securities laws.
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.
