SOURCE: Gemini Corporation

Gemini Corporation

September 17, 2014 11:14 ET

Gemini Corporation to Acquire Muskeg Environmental Consulting Ltd.

CALGARY, AB--(Marketwired - September 17, 2014) -  Gemini Corporation (TSX VENTURE: GKX) ("Gemini") is pleased to announce that it has entered into a letter of intent to acquire Muskeg Environmental Consulting Ltd., a respected environmental consulting firm servicing oil and gas clients in the burgeoning region of northeastern British Columbia. Muskeg employs over 30 professionals in its office located in Fort St. John, British Columbia, specializing in environmental, remediation and reclamation services.

This acquisition is an important step in Gemini's strategy to expand its regulatory, environmental and land service offering both from a capability and geographic perspective. The oil and gas market is evolving with increasing regulation on virtually all aspects of the industry. This evolution is creating a high growth opportunity for service providers with a breadth of local capability to deliver solutions designed to expedite the regulatory approval processes. Gemini has been a participant in this changing market for a number of years and sees this as an opportune time to be expanding its service offering. The services delivered by Muskeg are complementary to Gemini's existing business and there is very little overlap in the client base between the two organizations. In addition, strengthening our service offering at the front end of facility projects is expected to translate into increasing opportunity for Gemini's engineering and field service business units.

"We are excited to welcome the management and staff of Muskeg to the Gemini team and look forward to working with them as we continue to build our land, environmental and regulatory business model across western Canada," stated Doug Lautermilch, Gemini's President and CEO. "The growth opportunities for both our business and our personnel are important factors in making this investment. The expertise and experience of the professionals in each of our organizations are what will make this combination a success. It was clearly evident in our initial assessment around cultural fit that we are very much aligned on the core values of strong client relationships, supporting our people, delivering quality in a safe manner, protecting the environment, and respecting the communities in which we operate."

The acquisition closing date is planned for early October, pending completion of due diligence and various approvals. The purchase price is not yet finalized and will be settled through a combination of cash and Gemini shares issued from treasury. Further details regarding this acquisition will be provided at the time of announcing the closing of the transaction.

About Gemini Corporation

Gemini Corporation is a professional services firm providing clients with project solutions from commencement to completion through stand-alone or integrated service delivery models. For more than 30 years, Gemini has been harnessing the energy of its staff and clients to power innovation in conventional and unconventional oil and gas, in-situ heavy oil and industrial facilities across western Canada. Our service diversity includes land, environmental, regulatory, engineering, fabrication, installation and maintenance solutions. Our integrated design-build project delivery model differentiates Gemini and provides tremendous value-added benefits for clients, such as schedule compression and one point of accountability.

Shares of Gemini trade on the TSX Venture Exchange under the symbol "GKX". For more information about the Corporation and its services, go to www.geminicorp.ca

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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