CALGARY, July 10, 2018 /CNW/ - ESI Energy Services Inc. is pleased to announce that trading in its common shares on the Canadian Securities Exchange ("CSE") will resume at the opening of trading today, July 10, 2018.
Trading was halted on May 22 when ESI announced that it had entered into an early stage Process Facility and Cobalt Supply Agreement with Battery Minerals Resources Limited ("BMR") for BMR's cobalt-focused mineral exploration claims located in Ontario. The agreement with BMR was approved by ESI's majority shareholders, as required by the CSE. An updated Listing Statement will be filed by ESI with the CSE.
ESI Energy Services Inc. is a pipeline equipment rental and sales company with principal operations in Leduc, Alberta and Phoenix, Arizona. Through its operating entities, ESI Energy Services Inc. and Ozzie's Pipeline Padder, Inc., ESI supplies (rents and sells) backfill separation machines to mainline pipeline contractors, oilfield pipeline and construction contractors, utility construction contractors and renewables (wind and solar) contractors. ESI also plans to build a cobalt processing facility pursuant to an agreement with BMR. ESI is a publicly traded company with its common shares listed on the Canadian Securities Exchange under the stock symbol "OPI".
This news release contains "forward-looking statements" within the meaning of applicable Canadian securities legislation. Forward-looking statements can be identified by the use of words such as "are expected", "is forecast", "is targeted", "approximately" or variations of such words, and phrases or statements that certain actions, events or results "may", "could", "would", "might", or "will" be taken, occur or be achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results or performance to be materially different from any future results or performance expressed or implied by the forward-looking statements.
Forward-looking statements in this news release include, but are not limited to: statements concerning the resumption of trading in ESI's common shares on the CSE and ESI's agreement to finance, build and operate a cobalt processing facility with BMR.
Forward-looking statements are based on a number of factors and assumptions made by management and considered reasonable at the time such statements are made. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those expressed or implied by the forward-looking statements. ESI has made assumptions that it considers to be reasonable to manage or eliminate the risks identified below. Such risks include, but are not limited to, that ESI may not finance, build and operate a cobalt processing facility with BMR.
SOURCE ESI Energy Services Inc.
For further information: Robert Dunstan, President and Chief Executive Officer, ESI Energy Services Inc., +1-403-262-9344, [email protected]