Here is one that may be worth a look. UIC. I've held for awhile but this latest news is quite interesting and hopefully profitable. Maybe once earnings are in the 200,000 range they will apply for TSE listing. It could possibly happen this year. Got my fingers crossed
Luck to all
Wendy
newswire.ca
Unitec to establish new oil & gas technology division in Saskatchewan
VANCOUVER, Nov. 3 /CNW/ - Unitec International Controls Corporation
VSE Symbol: UIC
Unitec International Controls Corporation today announced, subject to the
approval of the Vancouver Stock Exchange of its financial arrangements, that
it will establish a new Oil & Gas Technology Division in the Province of
Saskatchewan.
John B. Smyth, President, announced that the company expects to select an
operating site and begin recruiting new staff within the next month. The new
division will develop and market oil & gas related technology products through
the Company's growing domestic and international distribution channels.
The Saskatchewan Opportunities Corporation (SOCO) will provide $2 million
in a combination of loan and debenture financing for the new operations. The
loan will be for $1 million with a five year term, while the debenture of a
further $1 million will be for a three year term, convertible into common
stock of the Company at $1.00 per share. A 200,000 share bonus will be
provided in consideration of the loan. SOCO will also be granted 500,000
warrants with an exercise price of $1.00 for a 2 year period.
SOCO is a Crown corporation of the Government of Saskatchewan with a
mandate to facilitate economic development in Saskatchewan through investment
in viable business.
Unitec is an emerging growth company specializing in advanced technology
telemetry, SCADA (Supervisory Control and Data Acquisition) systems and
environmental monitoring equipment for the water, electricity, oil & gas and
transportation sectors. It distributes its products and services through an
expanding network of independent agencies in North and South America, the
Caribbean, Middle East and Southeast Asia.
The Vancouver Stock Exchange has neither approved nor disapproved the
information contained herein.
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