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Energold Drilling Corp amends purchase agreement of Bertram Drilling Corp.

Monday, 20 Jan 2014 05:00pm EST 

Energold Drilling Corp:Says it has amended the purchase agreement with respect to the acquisition of Bertram Drilling in July, 2011.Says on July 25, 2011, the company acquired 100 pct of the outstanding shares of Bertram international Corporation (Bertram).Says the initial consideration of the transaction was $15 mln in the form of cash and shares in Energold.In conjunction with this amended purchase agreement, both Brian Bertram and Darrell Bertram have agreed to enter into employment agreements with Energold until April, 2016 and will remain in their current senior management positions within the company. 

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