Select Sands Corp. reported that a special meeting of shareholders of CanFrac Sands Ltd. was held on Dec. 16, 2014, and pursuant to an Offer to Purchase and Purchase and Sale Agreement dated Nov. 25, 2014, entered into by the CanFrac and a private “numbered” Alberta company, the numbered company has agreed to purchase the properties, assets and undertakings of…
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This Week’s Market Buzz
Select Sands Corp. has agreed to purchase the frac sand business of CanFrac Sands Ltd. for a purchase price of $3.5 million. Canfrac Sands produces 20/40, 40/70, 16/30, and 100 mesh sand. The corporation’s quarrying operations and processing facilities are located near the city of Lloydminster in Saskatchewan, Canada.
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Claim Post Resources Inc. signed an Engagement Letter with P&E Mining Consultants Inc. to complete a Preliminary Economic Assessment (PEA) on the company’s Seymourville Frac Sand Project located approximately 200 km north east of Winnipeg, Manitoba. P&E will be retaining Consultec Ltd. to assist in the to provide technical input into the frac sand plant material handling design plus complete…
Read MoreLa Ronge Acquires Canfac Sands
La Ronge Gold Corp. announced that it has signed a definitive agreement to acquire the assets and business of Canfrac Sands Ltd., a private company producing and selling frac sand in the Western Canada Sedimentary Basin.
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