Brief: Cathedral Energy Services Closes Second Acquisition In Quarter Through Purchase Of Valiant Energy Services

ACT Energy Technologies

08/09/2021 11:11

Sept 8 (Reuters) - Cathedral Energy Services Ltd  CET.TO :
    * CATHEDRAL ENERGY SERVICES LTD - CLOSES SECOND ACQUISITION
IN
QUARTER THROUGH PURCHASE OF VALIANT ENERGY SERVICES
    * CATHEDRAL ENERGY SERVICES LTD - ACQUISITION OF OPERATING
ASSETS
OF VALIANT ENERGY SERVICES WAS FOR A PURCHASE PRICE OF $1.5
MILLION
    * CATHEDRAL ENERGY SERVICES LTD - PURCHASE PRICE WAS
SATISFIED
THROUGH ISSUANCE OF 3,464,204 COMMON SHARES OF CATHEDRAL TO
VALIANT
    * CATHEDRAL ENERGY SERVICES LTD - CONSIDERATION SHARES WILL
BE
SUBJECT TO A 4-MONTH STATUTORY HOLD PERIOD

Source text for Eikon:  ID:nCNWj5SSta 
Further company coverage:  CET.TO 

 ((Reuters.Briefs@thomsonreuters.com;))