ALYE Stock News Aly Energy Services Inc. (ALYE) 0.7500 07/26/2014
Post# of 273217
Aly Energy Services, Inc. Announces Agreement to Acquire Evolution Guidance Systems Inc.
Marketwire - Wed Jun 18, 1:23AM CDT
Aly Energy Services, Inc. (OTCQB: ALYE) announced today that it has signed a definitive Purchase Agreement to acquire all the issued and outstanding stock of Evolution Guidance Systems Inc., an operator of Measurement While Drilling (MWD) downhole tools with advanced gamma technology and technology to build a gamma imaging tool named Azimuthal Gamma. Evolution Guidance Systems is currently owned by Thor Eckmann and Henry Iwunze, who will remain with the company after the acquisition is completed. The closing date for the transaction is scheduled for July 1, 2014.
Aly Energy Services, Inc. Announces Completion of Private Placement and Resignation of Member of Board of Directors
Marketwire - Mon Jan 06, 5:15PM CST
Aly Energy Services, Inc. (OTCQB: ALYE) today announced that it has completed a private offering of an aggregate of 15,744,997 shares of its common stock at a price of $0.15 per share to approximately 22 of the existing beneficial owners of its capital stock. The offering is exempt from registration under the Securities Act of 1933, as amended, pursuant to Section 4(2) and Rule 506 thereunder. The proceeds of the offering will be used to pay down debt and on growth capital expenditures for its operating yards in the Permian and Eagle Ford basins.