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BRIEF-Matrrix Energy Technologies To Acquire Oil And Gas Drilling Assets From Red Dog Drilling

Published 2018-05-10, 10:14 p/m
© Reuters.  BRIEF-Matrrix Energy Technologies To Acquire Oil And Gas Drilling Assets From Red Dog Drilling
SDI
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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

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