Ridgeline Energy Services Inc. has completed its previously announced bought deal financing conducted by way of a short form prospectus offering (the "Offering").

Ridgeline, through a syndicate of underwriters led by Mackie Research Capital Corporation and including Industrial Alliance Securities Inc. (collectively, the "Underwriters"), issued 16,428,900 common shares of the Company at a price of $0.70 per common share, including 2,142,900 common shares pursuant to the exercise in full by the Underwriters of the over-allotment option by the Underwriters in connection with the Offering, for aggregate gross proceeds of $11,500,230.

The net proceeds received by the Company will be used for facility installations, acquisitions, development and working capital. In particular,

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