The
TSX Venture Exchange has accepted for filing documentation relating to an agreement for purchase and sale dated Aug. 14, 2015, between an arm's-length party and Lonestar West Enterprises LLC. (Subco), a wholly owned subsidiary of Lonestar West Inc. Pursuant to the agreement, Subco shall acquire certain assets in Hewitt Specialty Services LLC, a hydrovac service company operating in Cushing, Okla.
In consideration, the company shall pay a total of $1-million (U.S.) plus issue 299,496 common shares at a deemed price of $1.31 to the vendor.
For more information, refer to the company's news release dated Aug. 17, 2015.
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