Badger Daylighting Ltd. Completes Acquisition of the Operating Assets and Business of Fieldtek Holdings Ltd.

(firmenpresse) - CALGARY, ALBERTA -- (Marketwired) -- 11/04/13 -- Badger Daylighting Ltd. (TSX: BAD) (the "Company" or "Badger") today announced that it has completed the October 17, 2013 announcement of the acquisition of the business and operating assets of Fieldtek Holdings Ltd. for an aggregate purchase price of approximately $19.2 million in cash financed using Badger's existing extendable revolving credit facility.

About Badger

Badger is North America's largest provider of non-destructive excavating services. Badger traditionally works for contractors and facility owners in the utility and petroleum industries. The Company's key technology is the Badger Hydrovac, which is used primarily for safe digging in congested grounds and challenging conditions. The Badger Hydrovac uses a pressurized water stream to liquefy the soil cover, which is then removed with a powerful vacuum system and deposited into a storage tank. Badger manufactures its truck-mounted hydrovac units.

The Toronto Stock Exchange has neither approved nor disapproved the information contained herein.



Contacts:
Badger Daylighting Ltd.
Tor Wilson
President and CEO
403-264-8500
403-228-9773 (FAX)

Badger Daylighting Ltd.
Greg Kelly, CA
Vice President Finance and CFO
403-264-8500
403-228-9773 (FAX)

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Bereitgestellt von Benutzer: Marketwired
Datum: 04.11.2013 - 13:00 Uhr
Sprache: Deutsch
News-ID 312163
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contact information:
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CALGARY, ALBERTA

Kategorie:

Oil & Gas

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Badger Daylighting Ltd. Announces Agreement to Acquire the Operating Assets and ...

CALGARY, ALBERTA -- (Marketwired) -- 10/17/13 -- Badger Daylighting Ltd. (the "Company" or "Badger") (TSX: BAD) today announced that it has signed a definitive agreement to acquire the business and operating assets of Fieldtek H ...

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