Winalta Inc.

Winalta Inc.

December 01, 2006 17:02 ET

Winalta Inc. and Jeffman Enterprises Ltd. Announce Amendment and Extension

EDMONTON, ALBERTA--(CCNMatthews - Dec. 1, 2006) - Jeffman Enterprises Ltd. operating as Sundance Oilfield Rentals Inc. ("Sundance") together with Winalta Inc. (TSX VENTURE:WTA.A) ("Winalta") announces that they have entered into an Amending Agreement in which the parties agree to extend the dates by which Winalta is to complete its due diligence. Winalta is now required to complete its due diligence on Sundance by December 15, 2006 and, if its due diligence review is satisfactory, tender its offer.

Winalta Inc., and through its subsidiaries, is a land developer in Western Canada as well as a producer of manufactured CSA certified homes, modular homes and site-built homes. In addition through its wholly owned subsidiary Vanguard Inc. manufactures industrial trailers and camps at North Battleford, Saskatchewan.

The TSX Venture Exchange has neither approved nor disapproved the contents of this press release.

Contact Information

  • Winalta Inc.
    Frank Dixon
    President and CEO
    (780) 960-6900