Key Developments: Logan International Inc (LII.TO)

LII.TO on Toronto Stock Exchange

16 Sep 2014
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Latest Key Developments (Source: Significant Developments)

Logan International reports changes in executive management
Friday, 9 May 2014 04:51pm EDT 

Logan International Inc:Says effective June 16, Gerald Hage will retire as Logan's President and Chief Executive Officer.David MacNeill, the current Chief Operating Officer, has been appointed to replace Hage.Hage will continue on the board as a director, as well as assist with the transition of the new President and Chief Executive Officer.  Full Article

Logan International Inc Closes Purchase of Sup-R-Jar Line
Thursday, 18 Apr 2013 05:16pm EDT 

Logan International Inc announced that it completed the purchase of the Sup-R-Jar product line. In addition to a cash payment at closing of approximately $15.6 million, the Company is obligated to pay an additional $1.6 million upon the delivery of certain inventory by the seller. The purchase was funded under Logan's revolving credit facility.  Full Article

Logan International Inc's Subsidiaries Announces Acquisition Of Product Line
Monday, 1 Apr 2013 04:01pm EDT 

Logan International Inc. announced that two of its US wholly owned subsidiaries have entered into an agreement to purchase certain assets and operations of the Sup-R-Jar drilling jar line from Smith International, Inc. Logan, through its wholly-owned subsidiaries, will acquire the majority of Smith International's North American Sup-R-Jar rental and service assets. In addition, Logan will also receive raw materials and parts inventories, manufacturing specifications and use of the Sup-R-Jar trade name. The purchase price includes the assumption of certain post-closing liabilities and $17.2 million in cash, $15.6 million of which is payable at closing with the remaining $1.6 million payable on delivery of certain inventory items. The transaction is expected to close in early April 2013.  Full Article

Logan International Inc Announces Changes in Executive Management
Monday, 29 Oct 2012 04:42pm EDT 

Logan International Inc announced the following changes in its executive management. Effective December 1, 2012, David Barr will resign as Logan International's President and Chief Executive Officer. Mr. Barr will remain a director and, in addition, will assist in the transition and with certain other assignments. Gerald Hage, the current Chairman of the Board of Directors and former President and Chief Executive Officer, has been appointed to replace Mr. Barr. Paul McDermott, a current director of Logan International and Managing Director of Cadent Energy Partners, which is an affiliate of a significant shareholder of Logan International, has been appointed Chairman of the Board of Directors. The changes are effective December 1, 2012.  Full Article

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