The TSX Venture Exchange accepts for filing documentation pursuant to an agreement of purchase and sale dated May 22, 2015, between Aveda Transportation and Energy Services Inc. and an arm's-length party whereby the company will acquire approximately 900 pieces of rig-moving and heavy-haul equipment, including approximately 200 haul trucks, 400 trailers, 70 bed/pole trucks, 35 cranes, 40 forklifts/loaders and 160 service vehicles. Pursuant to the terms of the agreement, consideration paid to the seller is $42-million (U.S.), with $27-million (U.S.) financed through a seller take-back note which is a five-year non-convertible debt note with no requirement for early payment. The note bears a 9-per-cent interest rate per year, which shall be paid quarterly. No common shares were issued in connection with the acquisition.
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