AVEDA TRANSPORTATION AND ENERGY SERVICES INC. ("AVE")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: July 7, 2015
TSX Venture Tier 1 Company
TSX Venture Exchange (the "Exchange") accepts for filing documentation pursuant to an Agreement of Purchase and Sale dated May 22, 2015 (the "Agreement") between the Company and an Arm's Length Party ("Seller"), whereby the Company will acquire approximately 900 pieces of rig moving and heavy haul equipment, including approximately 200 haul trucks, 400 trailers, 70 bed/pole trucks, 35 cranes, 40 forklifts/loaders and 160 service vehicles. Pursuant to the terms of the agreement, consideration paid to the Seller is USD$42 Million, with USD$27 Million financed through a seller take-back note which is a five year non-convertible debt note with no requirement for early payment. The note bears a 9% interest rate per annum, which shall be paid quarterly. No common shares were issued in connection with the Acquisition.
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