SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?


To: Goose94 who wrote (7478)12/15/2014 7:24:36 PM
From: Goose94Respond to of 203664
 
LSI-V insider bottom-feeding tmxmoney.com




To: Goose94 who wrote (7478)3/2/2015 9:25:57 AM
From: Goose94Respond to of 203664
 
LSI-V gap up @ open



To: Goose94 who wrote (7478)8/18/2015 9:05:23 AM
From: Goose94Read Replies (2) | Respond to of 203664
 
Lonestar West (LSI-V) Aug 17, '15 premier provider of Hydrovac and Vacuum truck services is pleased to announce a strategic acquisition of certain assets of Hewitt Specialty Services, LLC, an arm's length hydrovac service company, for total consideration of $1.3 million USD.

Hewitt started operations in 2010 and is currently operating a fleet of 5 Hydrovac trucks and 1 dry vacuum truck in Cushing, Oklahoma. The acquisition is expected to add approximately $2.9 million USD in annual revenues and increases Lonestar's operating fleet from 155 units to 161 units.

"The Hewitt acquisition is consistent with our corporate growth strategy. The addition of a base that services the Cushing, Oklahoma region will complement our existing base in Elk City Oklahoma and expand our presence in the South Central United States" said James Horvath, CEO of Lonestar. "Lonestar would also like to welcome Brad Hewitt to the Company. Mr. Hewitt's experience in the Cushing area will be a valuable addition to our senior management team.

In consideration of the acquisition of certain assets of Hewitt, the Corporation cancelled accounts receivable due from Hewitt of approximately $500,000 USD and issued unsecured promissory notes (the "Notes") that mature over a five year period totaling $500,000 USD. The Notes are non-interest bearing and subject to certain performance thresholds being achieved. In addition, 299,496 common shares of the Company will be issued at a price of $1.31 CND per share for a total of $300,000 USD in the aggregate.

About Lonestar West

Based in Sylvan Lake, Alberta, Lonestar West Inc. ( www.lonestarwest.com) operates a fleet of 154 HVAC and vacuum trucks throughout Canada and the United States. It is focused on profitably growing its HVAC services to become a major competitor in the North American market.

Lonestar West Inc.
James Horvath
President & CEO
403-887-2074
info@lonestarwest.com