Brief: Orbit Garant Expands West African Operations With Us$6.4 Million Acquisition In Burkina Faso

Orbit Garant Drilling

12/10/2018 12:53

Oct 12 (Reuters) - Forage Orbit Garant Inc  OGD.TO :
    * ORBIT GARANT EXPANDS WEST AFRICAN OPERATIONS WITH US$6.4
MILLION
ACQUISITION IN BURKINA FASO
    * FORAGE ORBIT GARANT INC - PROPOSED DEAL FOR PURCHASE PRICE
OF
US$6.4 MILLION
    * FORAGE ORBIT GARANT INC - ORBIT GARANT WILL FUND US$6.4
MILLION
PURCHASE PRICE THROUGH DRAWS ON ITS CREDIT FACILITY
    * FORAGE ORBIT GARANT - EXPECTS DEAL TO ADD ABOUT C$12
MILLION IN
INCREMENTAL REVENUE & GENERATE POSITIVE CASH FLOW AND EARNINGS
FOR FY ENDED JUNE 30, 2019
    * FORAGE ORBIT GARANT - CASH COMPONENT OF DEAL IS $5.15
MILLION,
WITH $2.575 MILLION PAID ON CLOSING, AND $2.575 MILLION PAID 12
MONTHS AFTER CLOSING DATE

Source text for Eikon:  ID:nCNWghjqMa 
Further company coverage:  OGD.TO 

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