North America Frac Sand Inc.’s David Alexander, CEO, confirmed that, as disclosed in previous news releases and filings in quarterly reports on Form 10Q and Form 8K, the company has engaged Norwest Corp. to complete a NI-43-101 report.
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This Week’s Market Buzz
Oil prices rose after a top energy monitor said that prices might have bottomed on hopes that falling supply would help alleviate the global glut of crude. The International Energy Agency said that prices have been supported by easing supply around the globe but cautioned that the recent rally might not be sustainable as the demand outlook remains uncertain. Crude…
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North America Frac Sand Inc. announced the appointment of Green Engineering Ltd. to complete a NI 43-101 report on North America Frac Sand (CA) Ltd.’s 30,000 acres of mineral leases located 30 kilometers west of Saskatoon, Saskatchewan, Canada. The company earlier announced a Share Purchase Agreement with Canadian Sandtech Inc. and is expected to conclude the acquisition of North America…
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The University of Iowa’s (U of I) School of Occupational and Environmental Health held a public forum titled, “Assessment Of Health Risks From Community Exposure To Silica Sand During Sand Mining.” According to Tom Peters, a professor in U of I’s department of occupational and environmental health, his group obtained funding from the National Institute of Health for study of…
Read MoreNorth America Frac Sand Inc. Announces Acquisition
North America Frac Sand Inc. announced the acquisition of North America Frac Sand (CA) Ltd. and its 30,000 acres of leases that are estimated to contain 6.4 million tons of recoverable reserves of frac sand, and potential reserves of at least 66 million tons.
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North America Frac Sand Inc., Calgary, Alberta, Canada, has entered into a share exchange agreement to acquire 100 percent of the issued and outstanding shares of North America Frac Sand (CA) Ltd. through the issuance of 37.8 million shares of the company. The acquisition will be completed upon North America Frac Sand (CA) Ltd. providing additional due diligence which will…
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