Calgary, Alberta--(Newsfile Corp. - June 2, 2019) - Divestco Inc. (TSXV: DVT.H) ("Divestco" or the "Company") is pleased to announce that, in connection with its creditor protection proceedings under the Companies' Creditors Arrangement Act (the "CCAA") and previously announced sales solicitation process (the "SSP") that concluded on April 30, 2019 with 2179602 Alberta Ltd. (the "Purchaser") emerging as the "Successful Bidder", the Company completed the sale of substantially all of its assets and business to the Purchaser on June 1, 2019. The sale transaction was completed by way of a credit-bid made by the Purchaser and includes the assumption of certain liabilities and the payment of costs associated with the CCAA proceedings.

Calgary, Alberta--(Newsfile Corp. - May 14, 2019) - Divestco Inc. (TSXV: DVT.H) ("Divestco" or the "Company") is pleased to announce that, in connection with its creditor protection proceedings under the Companies' Creditors Arrangement Act (the "CCAA") and previously announced sales solicitation process (the "SSP") that concluded on April 30, 2019 with 2179602 Alberta Ltd. (the "Purchaser") emerging as the "Successful Bidder", the Company today received authorization from the Court of Queen's Bench Alberta (the "Court") to complete the sale of substantially all of Divestco's assets, as contemplated by the SSP, to the Purchaser (the "Transaction"). Based on the approval received from the Court, the closing of the Transaction is currently set to occur on May 31, 2019, or such other date as may be agreed upon between the two parties. In addition to the foregoing, the Court also today granted Orders approving an extension of the stay in the CCAA proceedings to June 15, 2019 and approving additional interim financing that is being provided to Divestco for the purposes of meeting its ongoing cash flow requirements during the CCAA process.