Aveda Transportation (PHNHF) 5.1630 $PHNHF
Aveda Transportation and Energy Services Announces Opening of Oklahoma Branch and Closing of Increase to Senior Lending Facility
Marketwire Canada - Wed Jun 25, 5:15AM CDT
Aveda Transportation and Energy Services Inc. ("Aveda" or the "Company"
(TSX VENTURE: AVE), a leading provider of oilfield hauling services and equipment rentals to the energy industry, today announces that, it has closed the increase to its asset based lending facility at $125.0 million (as previously announced on June 12, 2014). The Company also plans to expand its operational footprint by opening a new branch in Oklahoma.
Aveda Transportation and Energy Grows Market Share with Acquisition of Precision Drilling Corporation's U.S. Rig Moving Assets - Video News Alert Summary on InvestmentPitch.com
Newsfile Corp - Tue Jun 17, 9:01AM CDT
full story)
Aveda Transportation and Energy (TSXV:AVE) Grows Market Share with Acquisition of Precision Drilling Corporation's U.S. Rig Moving Assets - Video News Alert Summary on InvestmentPitch.com
Thomson Reuters ONE - Tue Jun 17, 8:51AM CDT
Vancouver, BC, June 17, 2014 - Aveda Transportation and Energy Services (TSXV:AVE), a leading provider of oilfield hauling services and equipment rentals to the energy industry, continues to grow its market share, with the announcement that it has signed an asset purchase agreement to acquire Precision Drilling Corporation's U.S. rig moving assets.
Aveda Transporation and Energy Services Announces Signing of Definitive Agreement to Acquire Precision Drilling's U.S. Rig Moving Assets
Marketwire - Mon Jun 16, 5:31AM CDT
Aveda Transportation and Energy Services Inc. ("Aveda" or the "Company" (TSX VENTURE: AVE), a leading provider of oilfield hauling services and equipment rentals to the energy industry, today announced that, through its operating subsidiary in the U.S., it has signed an asset purchase agreement to acquire Precision Drilling Corporation's ("Precision" U.S. rig moving assets (the "Acquisition". Aveda expects to acquire rig moving equipment, including bed/tandem trucks, tractors, trailers, loaders and cranes, for total consideration of US$24.0 million.
Precision Drilling Corporation Announces Divestiture of Trucking Assets
Marketwire - Mon Jun 16, 5:01AM CDT
Precision Drilling Corporation (TSX: PD)(NYSE: PDS) ("Precision" announced today that it has signed an agreement to sell certain assets from its trucking operations to Aveda Transportation and Energy Services Inc. ("Aveda". The assets included in the sale consist of trucks and other related assets all of which are used to support drilling rig moving operations for Precision and third parties in Texas and New Mexico. The asset sale is expected to close on July 1, 2014.
Aveda Transportation and Energy Services Inc. Announces Increase to Senior Lending Facility
Marketwire - Thu Jun 12, 7:31AM CDT
Aveda Transportation and Energy Services Inc. ("Aveda" or the "Company" (TSX VENTURE: AVE), a leading provider of oilfield hauling services and equipment rentals to the energy industry, today announced that it has received commitment letters (the "Commitments" from a syndicate of lenders led by PNC Bank Canada Branch, and including Royal Bank of Canada, and another large institutional lender, pursuant to which the availability under its current asset based lending facility (the "Facility" will be increased from $75.0 million to between $115.0 to $125.0 million effective June 30, 2014. The Commitments are subject to customary conditions related to completion of appropriate legal documentation and due diligence. The Company will pay customary fees on closing.
Aveda Transportation and Energy Services Announces Solid Results for the First Quarter of 2014
Marketwire - Wed May 28, 3:16PM CDT
Aveda Transportation and Energy Services Inc. ("Aveda" or the "Company" (TSX VENTURE: AVE), a leading provider of oilfield hauling services and equipment rentals to the energy industry, today announced record revenue and Adjusted EBITDA(1) for the three months ended March 31, 2014.
Aveda Transportation and Energy Services to Hold 2014 First Quarter Results Conference Call on Thursday, May 29, 2014
Marketwire - Wed May 21, 6:31AM CDT
Aveda Transportation and Energy Services Inc. ("Aveda" or the "Company" (TSX VENTURE: AVE), a leading provider of oilfield hauling services and equipment rentals to the energy industry, announced today that it will host its first quarter fiscal 2014 results conference call on Thursday, May 29th, 2014 at 9:00 a.m. Eastern Time (ET). Executive Chairman David Werklund, President and CEO Kevin Roycraft and Vice-President, Finance and CFO Bharat Mahajan will discuss Aveda's financial results for the quarter and then take questions from securities analysts.
Big Move in Oilfield M&A Arranged by Hunter Wise
Marketwire - Wed Feb 12, 5:25AM CST
Hunter Wise Financial Group, LLC (www.hunterwise.com) announced today that its client, M&K Hotshot and Trucking, Inc. and M&K Rig Service, Inc. (collectively "M&K" based in Williston, North Dakota, has been acquired in a transformational deal by an operating subsidiary of Aveda Transportation and Energy Services, Inc. ("Aveda" TSX Venture Ticker: AVE). Both M&K and Aveda provide oilfield rig moving and heavy hauling services along with ancillary equipment rentals and transport to the booming U.S. energy sector. With an established presence in North Dakota's prominent and prolific Bakken Shale Region, M&K fills a geographical void for Aveda by strategically completing its positions on the map among the major US and Canadian production regions, while simultaneously doubling the size of Aveda in terms of EBITDA.
Aveda Transportation and Energy Closes Acquisition of Williston, North Dakota-Based Assets - Video News Alert Summary on InvestmentPitch.com
Newsfile Corp - Mon Feb 03, 9:07AM CST
full story)
Aveda Transportation and Energy Services Inc. Announces Conversion of Convertible Debentures
Marketwire - Thu Jan 02, 1:08PM CST
Aveda Transportation and Energy Services Inc. ("Aveda" or the "Company" (TSX VENTURE: AVE), a leading provider of oilfield hauling services and equipment rentals to the energy industry, is pleased to announce that pursuant to the terms and conditions of a convertible debenture (the "Convertible Debenture" issued in favour of Werklund Capital Corporation ("WCC" dated December 13, 2011, as amended on October 1, 2013, Aveda has exercised its right to convert the $4.72 million outstanding principal amount of Convertible Debenture into common shares in the capital of the Company (the "Common Shares". For additional information concerning the Convertible Debenture, please see the Company's news release dated October 9, 2013 available under the Company's profile on SEDAR at www.sedar.com.
Aveda Transportation and Energy Services Announces Signing of Definitive Agreement for a Transformational Acquisition and an Increase in the Company's Senior Lending Facility
Marketwire - Tue Dec 24, 5:31AM CST
Aveda Transportation and Energy Services Inc. (TSX VENTURE: AVE) ("Aveda" or the "Company", a leading provider of oilfield hauling services and equipment rentals to the energy industry, today announced that, through its operating subsidiary in the US, it has signed an asset purchase agreement to acquire the operating assets of Williston, North Dakota-based M&K Hotshot & Trucking, Inc. and M&K Rig Service, Inc. (collectively "M&K". Aveda expects to acquire approximately 170 pieces of oilfield hauling equipment, including 79 trailers, 15 conventional tractors, 14 winch trucks and three cranes, and approximately 395 pieces of rental equipment with an estimated total fair market value of US$22.0 million, working capital estimated at US$5.5 million and other intangible assets. The initial purchase price is expected to be between US$38.0 million and US$42.0 million or 3.18 times 2013 EBITDA (expected to fall in the range of US$12.0 million and US$13.0 million), which includes the issuance of US$5.0 million in equity of Aveda at a price of $3.60 per share. An estimated US$9.0 million in additional consideration may be payable on an earnout basis over a period of three years if certain EBITDA levels are generated.
Aveda Transportation and Energy Services Announces Opening of Oklahoma Branch and Closing of Increase to Senior Lending Facility
Marketwire Canada - Wed Jun 25, 5:15AM CDT
Aveda Transportation and Energy Services Inc. ("Aveda" or the "Company"
(TSX VENTURE: AVE), a leading provider of oilfield hauling services and equipment rentals to the energy industry, today announces that, it has closed the increase to its asset based lending facility at $125.0 million (as previously announced on June 12, 2014). The Company also plans to expand its operational footprint by opening a new branch in Oklahoma. Aveda Transportation and Energy Grows Market Share with Acquisition of Precision Drilling Corporation's U.S. Rig Moving Assets - Video News Alert Summary on InvestmentPitch.com
Newsfile Corp - Tue Jun 17, 9:01AM CDT
full story)
Aveda Transportation and Energy (TSXV:AVE) Grows Market Share with Acquisition of Precision Drilling Corporation's U.S. Rig Moving Assets - Video News Alert Summary on InvestmentPitch.com
Thomson Reuters ONE - Tue Jun 17, 8:51AM CDT
Vancouver, BC, June 17, 2014 - Aveda Transportation and Energy Services (TSXV:AVE), a leading provider of oilfield hauling services and equipment rentals to the energy industry, continues to grow its market share, with the announcement that it has signed an asset purchase agreement to acquire Precision Drilling Corporation's U.S. rig moving assets.
Aveda Transporation and Energy Services Announces Signing of Definitive Agreement to Acquire Precision Drilling's U.S. Rig Moving Assets
Marketwire - Mon Jun 16, 5:31AM CDT
Aveda Transportation and Energy Services Inc. ("Aveda" or the "Company"
(TSX VENTURE: AVE), a leading provider of oilfield hauling services and equipment rentals to the energy industry, today announced that, through its operating subsidiary in the U.S., it has signed an asset purchase agreement to acquire Precision Drilling Corporation's ("Precision" U.S. rig moving assets (the "Acquisition". Aveda expects to acquire rig moving equipment, including bed/tandem trucks, tractors, trailers, loaders and cranes, for total consideration of US$24.0 million. Precision Drilling Corporation Announces Divestiture of Trucking Assets
Marketwire - Mon Jun 16, 5:01AM CDT
Precision Drilling Corporation (TSX: PD)(NYSE: PDS) ("Precision"
announced today that it has signed an agreement to sell certain assets from its trucking operations to Aveda Transportation and Energy Services Inc. ("Aveda". The assets included in the sale consist of trucks and other related assets all of which are used to support drilling rig moving operations for Precision and third parties in Texas and New Mexico. The asset sale is expected to close on July 1, 2014. Aveda Transportation and Energy Services Inc. Announces Increase to Senior Lending Facility
Marketwire - Thu Jun 12, 7:31AM CDT
Aveda Transportation and Energy Services Inc. ("Aveda" or the "Company"
(TSX VENTURE: AVE), a leading provider of oilfield hauling services and equipment rentals to the energy industry, today announced that it has received commitment letters (the "Commitments" from a syndicate of lenders led by PNC Bank Canada Branch, and including Royal Bank of Canada, and another large institutional lender, pursuant to which the availability under its current asset based lending facility (the "Facility" will be increased from $75.0 million to between $115.0 to $125.0 million effective June 30, 2014. The Commitments are subject to customary conditions related to completion of appropriate legal documentation and due diligence. The Company will pay customary fees on closing. Aveda Transportation and Energy Services Announces Solid Results for the First Quarter of 2014
Marketwire - Wed May 28, 3:16PM CDT
Aveda Transportation and Energy Services Inc. ("Aveda" or the "Company"
(TSX VENTURE: AVE), a leading provider of oilfield hauling services and equipment rentals to the energy industry, today announced record revenue and Adjusted EBITDA(1) for the three months ended March 31, 2014. Aveda Transportation and Energy Services to Hold 2014 First Quarter Results Conference Call on Thursday, May 29, 2014
Marketwire - Wed May 21, 6:31AM CDT
Aveda Transportation and Energy Services Inc. ("Aveda" or the "Company"
(TSX VENTURE: AVE), a leading provider of oilfield hauling services and equipment rentals to the energy industry, announced today that it will host its first quarter fiscal 2014 results conference call on Thursday, May 29th, 2014 at 9:00 a.m. Eastern Time (ET). Executive Chairman David Werklund, President and CEO Kevin Roycraft and Vice-President, Finance and CFO Bharat Mahajan will discuss Aveda's financial results for the quarter and then take questions from securities analysts. Big Move in Oilfield M&A Arranged by Hunter Wise
Marketwire - Wed Feb 12, 5:25AM CST
Hunter Wise Financial Group, LLC (www.hunterwise.com) announced today that its client, M&K Hotshot and Trucking, Inc. and M&K Rig Service, Inc. (collectively "M&K"
based in Williston, North Dakota, has been acquired in a transformational deal by an operating subsidiary of Aveda Transportation and Energy Services, Inc. ("Aveda" TSX Venture Ticker: AVE). Both M&K and Aveda provide oilfield rig moving and heavy hauling services along with ancillary equipment rentals and transport to the booming U.S. energy sector. With an established presence in North Dakota's prominent and prolific Bakken Shale Region, M&K fills a geographical void for Aveda by strategically completing its positions on the map among the major US and Canadian production regions, while simultaneously doubling the size of Aveda in terms of EBITDA. Aveda Transportation and Energy Closes Acquisition of Williston, North Dakota-Based Assets - Video News Alert Summary on InvestmentPitch.com
Newsfile Corp - Mon Feb 03, 9:07AM CST
full story)
Aveda Transportation and Energy Services Inc. Announces Conversion of Convertible Debentures
Marketwire - Thu Jan 02, 1:08PM CST
Aveda Transportation and Energy Services Inc. ("Aveda" or the "Company"
(TSX VENTURE: AVE), a leading provider of oilfield hauling services and equipment rentals to the energy industry, is pleased to announce that pursuant to the terms and conditions of a convertible debenture (the "Convertible Debenture" issued in favour of Werklund Capital Corporation ("WCC" dated December 13, 2011, as amended on October 1, 2013, Aveda has exercised its right to convert the $4.72 million outstanding principal amount of Convertible Debenture into common shares in the capital of the Company (the "Common Shares". For additional information concerning the Convertible Debenture, please see the Company's news release dated October 9, 2013 available under the Company's profile on SEDAR at www.sedar.com. Aveda Transportation and Energy Services Announces Signing of Definitive Agreement for a Transformational Acquisition and an Increase in the Company's Senior Lending Facility
Marketwire - Tue Dec 24, 5:31AM CST
Aveda Transportation and Energy Services Inc. (TSX VENTURE: AVE) ("Aveda" or the "Company"
, a leading provider of oilfield hauling services and equipment rentals to the energy industry, today announced that, through its operating subsidiary in the US, it has signed an asset purchase agreement to acquire the operating assets of Williston, North Dakota-based M&K Hotshot & Trucking, Inc. and M&K Rig Service, Inc. (collectively "M&K". Aveda expects to acquire approximately 170 pieces of oilfield hauling equipment, including 79 trailers, 15 conventional tractors, 14 winch trucks and three cranes, and approximately 395 pieces of rental equipment with an estimated total fair market value of US$22.0 million, working capital estimated at US$5.5 million and other intangible assets. The initial purchase price is expected to be between US$38.0 million and US$42.0 million or 3.18 times 2013 EBITDA (expected to fall in the range of US$12.0 million and US$13.0 million), which includes the issuance of US$5.0 million in equity of Aveda at a price of $3.60 per share. An estimated US$9.0 million in additional consideration may be payable on an earnout basis over a period of three years if certain EBITDA levels are generated. 
