Pason Issues Notice of Annual and special Meeting of Shareholders and
management Information Circular
CALGARY, March 20, 2014 /CNW/ - Pason Systems Inc. (TSX: PSI) (the
"Corporation") announces that it has filed a notice of its upcoming Annual and
Special Meeting of Shareholders scheduled for May 7, 2014, along with
management's information circular, on SEDAR and Pason's website, copies of
which are available on www.sedar.com and www.pason.com and will be distributed
to shareholders of record on March 19, 2014.
The Corporation also announces certain amendments to the Corporation's by-law
in connection with its Annual and Special Meeting of Shareholders. The board
of directors has adopted these by-law amendments, including amendments to the
advance notice requirement, which were first adopted and disclosed on November
8, 2013. The by-law amendments are effective as of March 19, 2014. At the May
7, 2014 meeting of shareholders, shareholders will be asked to confirm the
amended and restated by-law, a copy of which has been filed is and is
available under the Corporation's profile at www.sedar.com.
Pason Systems Inc.
Pason Systems Inc. is a leading global provider of specialized data management
systems for drilling rigs. Our solutions, which include data acquisition,
wellsite reporting, remote communications, and web-based information
management, enable collaboration between the rig and the office. Pason's
common shares trade on the Toronto Stock Exchange under the symbol PSI.
Certain information regarding Pason contained herein may constitute
forward-looking information under applicable securities law. The words
"anticipate", "expect", "believe", "may", "should", "will", "estimate",
"project", "outlook", "forecast" or other similar words are used to identify
such forward-looking information and statements. Forward-looking statements
in this document may include statements, express or implied regarding the
anticipated business prospects and financial performance of Pason;
expectations or projections about future strategies and goals for growth and
expansion; expected and future cash flows and revenues; and expected impact of
future commitments. These forward-looking statements are based upon various
underlying factors and assumptions, including the state of the economy and the
oil and gas exploration and production business, in particular; the
Corporation's business prospects and opportunities; and estimates of the
financial and operational performance of Pason.
Forward-looking information and statements are subject to known or unknown
risks and uncertainties that may cause actual results to differ materially
from those anticipated or implied in the forward-looking information and
statements. Risk factors that could cause actual results or events to differ
materially from current expectations include, among others, the ability of
Pason to successfully implement its strategic initiatives and whether such
strategic initiatives will yield the expected benefits, the operating
performance of Pason's assets and businesses, the price of energy commodities,
competitive factors in the energy industry, changes in laws and regulations
affecting Pason's businesses, technological developments, and general economic
conditions. Unpredictable or unknown factors not discussed in this cautionary
disclaimer could also have material adverse effects on forward-looking
Readers are cautioned not to place undue reliance on forward-looking
statements as there can be no assurance that the plans, intentions or
expectations upon which they are placed will occur. Such forward looking
statements, although considered reasonable by management as of the date
hereof, may prove to be incorrect and actual results may differ materially
from those anticipated. Forward-looking statements contained in this press
release are expressly qualified by this cautionary statement. Furthermore, any
forward looking statements contained in this news release are made as of the
date of this news release, and Pason does not undertake any obligation to
update publicly or to revise any of the included forward-looking statements,
whether as a result of new information, future events or otherwise, except as
expressly required by securities law.
Additional information on risks and uncertainties and other factors that could
affect Pason's operations or financial results are included in Pason's reports
on file with the Canadian securities regulatory authorities and may be
accessed through the SEDAR website (www.sedar.com or through Pason's website
SOURCE Pason Systems Inc.
about Pason Systems Inc., visit the company's website atwww.pason.com or
Marcel Kessler President and CEO 403-301-3400 email@example.com
Jon Faber Chief Financial Officer 403-301-3400 firstname.lastname@example.org
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CO: Pason Systems Inc.
-0- Mar/20/2014 23:25 GMT
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