Energy Services of America Corporation ESA announced today that the Company has commenced a warrant exchange offer and has provided warrant holders with an offer to purchase, a letter of transmittal and other documents containing details as to how they may participate in the exchange offer. The Company is offering to exchange all of the Company's outstanding warrants at a ratio of one share of its common stock for every 8
1/2 warrants tendered. The warrant exchange offer commenced on June 1, 2011, and will continue for a period of 20 business days from June 1, 2011. The exchange offer is scheduled to expire at 5:00 p.m. Eastern Time on June 29, 2011. In the event that a unit purchase option issued to the Company's underwriter at the time of the Company's initial public offering is exercised and the underlying warrants are tendered during the exchange offer period, the Company will issue one share of common stock for every 9 warrants tendered.
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