April 4 (Reuters) - High Arctic Energy Services Inc HWO.TO :
* HIGH ARCTIC ANNOUNCES ACQUISITION OF PRECISION DRILLING SNUBBING ASSETS
* HIGH ARCTIC ENERGY SERVICES INC - PURCHASE PRICE OF A TOTAL OF $8.25 MILLION WILL BE SETTLED IN CASH FROM CASH ON HAND
* HIGH ARCTIC ENERGY SERVICES INC - ACQUISITION WILL PROVIDE HIGH ARCTIC WITH TWELVE ADDITIONAL MARKETED SNUBBING UNITS