CORDY OILFIELD SERVICES INC. COMPLETES PREVIOUSLY ANNOUNCED PURCHASE OF THE BUSINESS AND ASSETS OF PLATINUM NORTH RESOURCES L...
March 18 2020 - 9:08PM
Cordy Oilfield Services Inc. (“
Cordy” or the
“
Company”) (TSX VENTURE: CKK) is pleased to
announce that, further to its March 10, 2020 news release, it has
completed its acquisition of the assets and business of Platinum
North Resources Ltd. (“
Platinum North”) and Heart
River Holdings (2011) Ltd. (the “
Acquisition”)
Cordy is pleased to confirm the appointment of
Craig Heitrich as Vice President and Chief Operating Officer.
Craig was most recently the President and Chief Executive Officer
of Platinum North and brings with him a depth of experience and
customer relationships. Despite the challenging times in the market
and in our communities today, Cordy remains excited that in
completing the Acquisition we have expanded our reach and capacity
and further advanced our platform for delivering high quality,
responsive environmental stewardship.
In addition, the Company will proceed with the
consolidation of its issued and outstanding Common Shares,
previously approved by Shareholders, on the basis of one (1)
post-consolidation Common Share for five (5) pre-consolidation
Common Shares. The consolidation is subject to acceptance by the
TSX Venture Exchange and Shareholders will receive further
communication and instructions in due course.
Additional information on Cordy is available on
our website www.cordy.ca or on SEDAR at www.sedar.com.
For general information,
please contact: Darrick Evong Chief Executive
Officer IR@cordy.ca Phone: (403) 262-7667
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Neither TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
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