Logan International Inc. Announces Receipt of Shareholder Approval for Acquisition by Rubicon

CALGARY, ALBERTA--(Marketwired - Oct. 20, 2016) - Logan International Inc. ("Logan") (TSX:LII) today announced that the holders of its common shares (the "Shareholders") have approved the proposed arrangement under which a wholly‐owned subsidiary of Rubicon Oilfield International Holdings, L.P. will acquire all of the outstanding common shares of Logan (the "Arrangement"). At the special meeting of Shareholders held earlier today, over 85 percent of the outstanding shares were voted and over 99 percent of the votes cast were in favor of the special resolution approving the Arrangement.

The completion of the Arrangement remains subject to the granting of a final order by the Court of Queen's Bench of Alberta and the satisfaction or waiver of other customary closing conditions. It is anticipated that the completion of the transaction will occur on October 21, 2016.

Full details of the Arrangement, including detailed instructions for Shareholders on obtaining the cash consideration to which they are entitled under the Arrangement, can be found in the management information circular of Logan filed under the profile of Logan at www.sedar.com.

About Rubicon

Rubicon Oilfield International Holdings, L.P. designs, manufactures and sells and/or rents oilfield products in every major oilfield market around the globe. Headquartered in Houston, Texas with activity in over 50 countries globally, Rubicon is fueled by strong commercial, manufacturing and engineering teams positioned globally to deliver a world-class customer experience. Rubicon is led by a seasoned team of oilfield service and equipment industry executives and is committed to building a best-in-class global enterprise in the oilfield products and equipment sector. In May 2016, Rubicon acquired Tercel Oilfield Products, an oilfield products company recognized for delivering high-value drilling and completion technologies. Rubicon has also acquired Cauldron Oil Tools and WaalKing LTD., two boutique technologies companies providing proprietary downhole drilling technologies. For more information, please visit www.rubicon-oilfield.com.