August 06, 2010
Integral Oil Services Inc., a private Ontario corporation, completed a private placement of 7,500,000 common shares at a price of US$1.60 per common share for aggregate gross proceeds of US$12,000,000. The net proceeds from the sale of the common shares were applied towards the acquisition of all of the issued and outstanding shares of Integral de Servicios Tecnicos, S.A., a private Colombian corporation engaged in the oil and gas services business in Colombia.
The common shares were sold through PowerOne Capital Markets Limited, as sole and exclusive agent to Integral.
Wildeboer Dellelce LLP acted for the agent in connection with the offering with a team that included Perry Dellelce, Peter Simeon, Irene Kim, Michael Rennie (corporate/securities), Christopher Partridge (banking) and Kevin Fritz (tax).