I'm hearing Hyduke is looking again. Currently trading around a buck, this was announced two weeks ago which paid for the Mimco takeout:
Company Press Release
Hyduke Closes $1,300,000 Private Placement
EDMONTON, ALBERTA--
OPERATING DIVISIONS:
B.W. RIG REPAIR & SUPPLY
RELIABLE AIRFLOW SALES & SERVICE
CANWEST CRANE AND EQUIPMENT
MIMCO ENTERPRISES
Hyduke Resources Ltd. (''HYD'') is pleased to announce the closing of a private placement of 812,500 Common Shares @$1.60 with the Bank of Montreal [NYSE:BMO - news] Capital Corporation, effective September 14, 1999, raising gross proceeds of $1,300,000 (Cdn.)
From the total placement of $1,300,000, $900,000 will be used to retire a debt associated with the acquisition of Mimco Enterprises Ltd. and the remaining balance will be used to provide additional working capital to Mimco.
Hyduke Resources Ltd. is an integrated oilfield services company specializing in the manufacture, repair and sales of oilfield equipment and supplies. The range of products include oilfield service rigs, pump trucks, generator & combination buildings, pneumatic controls, various models of truck mounted cranes, oilfield supplies, drilling tools, machining and fabrication services.
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Contact:
Hyduke Resources Ltd.
John Babic
CEO
(780) 463-8686
(780) 988-5768
jbabic@hyduke.com
or
Hyduke Resources Ltd.
Bob Ardiel
CFO
(780) 463-8686
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