SOURCE: Tlicho Investment Corporation

Tlicho Investment Corporation

December 08, 2016 09:30 ET

Tlicho Government Continues Northern Buying Commitment

Moving forward; supporting the North by investing in the North

YELLOWKNIFE, NT--(Marketwired - December 08, 2016) - The Tlicho Investment Corporation is happy to announce its continued commitment to investing in the Tlicho Region and the Northern economy by its recent acquisition of 11 Peterbilt tractor units from Midnight Sun Energy, a company based in the Northwest Territories that has served the North for more than two decades.

The purchase will support Ventures West Transport's upcoming busy winter road business. In recent months, the Tlicho Investment Corporation increased its ownership in Ventures West Transport to 90% and Tlicho Landtran to 100%.

"Ventures West Transport has provided our valued clients with excellent bulk fluids and freight transportation to northern communities and mines for over 25 years and we're proud to now be the 90% owner of this strong company, partnered with the Denesoline Corporation, who owns the remainder," said Jasper Lamouelle, President of the Tlicho Investment Corporation. "This latest purchase is part of our continued commitment to support the North by buying in the North, from northern companies."

This move complements the Tlicho Government's August 2016 purchase of Tlicho Landtran, ensuring more benefits from the operation of these companies will accrue to the Tlicho people, its shareholders and partners.

Contact Information