07:46:25 EDT Thu 25 Apr 2024
Enter Symbol
or Name
USA
CA



Aveda Transportation and Energy Services Inc
Symbol AVE
Shares Issued 19,078,640
Close 2015-07-06 C$ 3.25
Market Cap C$ 62,005,580
Recent Sedar Documents

Aveda acquisition of Hodges Trucking

2015-07-07 18:00 ET - Property Agreement

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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