Basin Holdings US LLC

November 04, 2011 19:29 ET

Basin Holdings: News Release

CALGARY, ALBERTA--(Marketwire - Nov. 4, 2011) - Basin Holdings US LLC ("Basin Holdings") announces that on November 4, 2011 an affiliated entity under Basin Holdings' control (the "Purchaser") has completed the previously announced acquisition of 8,587,473 common shares and 4,600,000 series 1 preferred shares in the capital of Wenzel Downhole Tools Ltd. from 376348 Alberta Ltd., Mr. Doug Wenzel and 560050 Alberta Ltd. (collectively, the "Sellers") pursuant to the terms of a share purchase agreement dated September 9, 2011 (as amended) entered into by the Purchaser, the Sellers, as well as the principal of 560050 Alberta Ltd., Mr. Henry Boychuk.

For further information or to obtain a copy of the report filed by Basin Holdings on September 20, 2011 in accordance with applicable Canadian securities law, please contact Basin Holdings as follows:

405 Lexington Avenue, 71st Floor
New York, NY 10174
+1 212 695 7376
Attention: John Fitzgibbons
42 Brook Street
London W1K 5DB
+44 20 3178 2941
Attention: Charles Laurey

Contact Information

  • 405 Lexington Avenue, 71st Floor
    New York, NY 10174
    +1 212 695 7376
    Attention: John Fitzgibbons

    42 Brook Street
    London W1K 5DB
    +44 20 3178 2941
    Attention: Charles Laurey