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Provider: Reuters Investment Profile
Provider: Thomson Reuters Stock Report
Provider: Thomson Reuters Stock Report
Provider: Wall Street Transcript ,The

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LoneStar West Inc announces acquisition of PLJ Enterprises LLC

Monday, 1 Apr 2013 09:00am EDT 

LoneStar West Inc announced that it has acquired 100% interest in PLJ Enterprises LLC (PLJ), an Oklahoma, USA based Hydrovac and Vacuum truck service provider. In consideration of the acquisition of all of the issued and outstanding Units of PLJ, the Corporation paid $900,000 cash on closing, issued a $600,000 unsecured promissory note (the Note) and issued 40,000 common shares of the Company at a price of $2.50per share or $100,000 in the aggregate. The Note bears interest at the rate of 1.7% per annum and becomes due and payable in full on March 29, 2016. The Company also announced that it has granted 20,000 incentive stock options of the Company to two employees for a total of 40,000 options under its Stock Option Plan. All options are exercisable at $2.50 per common share and expire on March 29, 2018. 

Company Quote

0.06 +1.77%
29 Aug 2014