Brief: Matrrix Energy Technologies To Acquire Oil And Gas Drilling Assets From Red Dog Drilling

Stampede Drilling

11/05/2018 03:14

May 10 (Reuters) - MATRRIX Energy Technologies Inc  MXX.V :
    * TO ACQUIRE OIL AND GAS DRILLING ASSETS FROM RED DOG
DRILLING
INC.
    * PURSUANT TO AGREEMENT, MATRRIX WILL ACQUIRE PURCHASED
ASSETS FOR
A PURCHASE PRICE OF $5.7 MILLION
    * MATRRIX ENERGY TECHNOLOGIES-  DEAL TO BE PAID WITH
ISSUANCE OF
1.6 MILLION COMMON SHARES OF CO AT $0.45 PER COMMON SHARE AND $5
MILLION IN CASH
    * MATRRIX ENERGY TECHNOLOGIES-  AGREEMENT WITH RED DOG
DRILLING
INC PURSUANT TO WHICH CO HAS AGREED TO ACQUIRE ALL OF ASSETS OF
RED DOG

Source text for Eikon:  ID:nCNWF2VJWa 
Further company coverage:  MXX.V 

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