Nabors Affiliate Purchases Command Drilling Shares
19552 Yukon Inc., an affiliate of Nabors Industries, Inc., announced that it purchased on The Toronto Stock Exchange 291,300 common shares of Command Drilling Corporation at an aggregate purchase price of (Canadian) $954,213. The highest price paid was $3.28 per share.
The Command common shares purchased today represent approximately 0.99% of the outstanding Command common shares. After today's purchases, 19552 Yukon owns 3,229,900 Command common shares representing approximately 10.99% of the outstanding Command common shares.
Today's purchases are in furtherance of 19552 Yukon's offer to purchase all of the outstanding Command common shares dated September 26, 2001 on the basis of $3.30 cash per Command common share. 19552 Yukon may make further purchases as circumstances permit and in accordance with the terms of its offer and applicable law.