2024 Reorganization
Information related to the 2024 reorganization of High Arctic Energy Services Inc.
Determination of fair market value of the High Arctic Overseas Holdings Corp. shares distributed to shareholders of High Arctic Energy Services Inc.
High Arctic Energy Services Inc. has determined that the fair market value of the High Arctic Overseas Holdings Corp. shares distributed to shareholders of High Arctic Energy Services Inc. on August 12, 2024 is $1.755 per High Arctic Overseas Holdings Corp. common share. Although High Arctic Energy Services Inc. believes that this determination is reasonable, it is not binding on its shareholders or the Canada Revenue Agency.
The information provided on our website should not be construed as legal or tax advice to any particular shareholder. High Arctic Energy Services Inc. shareholders should consult their own tax advisors with respect to the consequences of the receipt of the High Arctic Overseas Holdings Corp. shares as part of the 2024 reorganization of High Arctic Energy Services Inc.
Information Circular
Information relating to the 2024 reorganization of High Arctic Energy Services Inc., including certain Canadian federal income tax consequences can be found in the Information Circular relating to the 2024 reorganization of High Arctic Energy Services Inc. in the link below:
- 2024 reorganization of High Arctic Energy Services Inc.(PDF)