Stocks in play: Ceiba Energy Services Inc

And SECURE Energy Services Inc. have entered into an amended and restated arrangement agreement to amend ...

And SECURE Energy Services Inc. have entered into an amended and restated arrangement agreement to amend certain terms of the previously announced arrangement agreement, pursuant to which SECURE has agreed to acquire all of the issued and outstanding common shares of Ceiba, which will be effected by way of a plan of arrangement. Under the terms of the Amended and Restated Arrangement Agreement, holders of the unsecured, convertible debentures of Ceiba will receive $1,215 for each $1,000 principal amount of Debentures. As previously disclosed, SECURE will pay approximately $26 million for all of the issued and outstanding Ceiba Shares. Ceiba shareholders will receive $0.205 for each share, to be paid in cash or by the issuance of 0.02115 of a SECURE common share, at their election, provided that a maximum of approximately 1.3 million SECURE common shares will be issued. Ceiba Energy Services Inc