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BluMetric Announces Acquisition of DS Consultants and $15 Million Brokered Offering
THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT INTENDED FOR DISTRIBUTIO...
About this update from Blumetric Environmental Inc.
[{"type":"text","content":"BluMetric Announces Acquisition of DS Consultants and $15 Million Brokered Offering\n\n\n\n\n THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES.\n \n\n\n\n THE SHELF PROSPECTUS SUPPLEMENT, THE CORRESPONDING BASE SHELF PROSPECTUS AND ANY AMENDMENT TO THE DOCUMENTS ARE ACCESSIBLE THROUGH SEDAR+ OR WILL BE ACCESSIBLE THROUGH SEDAR+ WITHIN 2 BUSINESS DAYS, AS APPLICABLE\n \n\n\n OTTAWA, Ontario, Dec. 01, 2025 (GLOBE NEWSWIRE) -- BluMetric Environmental Inc. (TSXV: BLM) (OTCQX: BLMWF) (“\n \n BluMetric\n \n ” or the “\n \n Company\n \n ”), an engineering WaterTech and full-service environmental consulting firm, is pleased to announce that the Company has entered into a definitive share purchase agreement to acquire all the issued and outstanding shares of DS Consultants Inc. (the “\n \n DS Acquisition\n \n ”). The Company intends to finance the initial cash portion of the purchase price for the DS Acquisition with the proceeds of the Offering (defined below).\n \n\n\n\n DS Acquisition\n \n\n\n\n Pursuant to the DS Purchase Agreement, the Company has agreed to acquire all of the issued and outstanding shares of DS Consultants Ltd. (“\n \n DS Consultants\n \n ”) for the aggregate consideration of up to $22,500,000 (the “\n \n Purchase Price\n \n ”), which will be satisfied through: (i) an initial cash payment by the Company of $10,500,000; (ii) the issuance of $7,500,000 of common shares of the Company (the “\n \n Consideration Shares\n \n ”); and (iii) a cash-based earnout paid over three years to a maximum of $1,500,000 annually, tied to progressive EBITDA targets. The Purchase Price is subject to DS Consultants retaining total assets net of total liabilities of at least $4,000,000. The number of Consideration Shares paid to the vendors on the closing shall be determined by the 30-day volume weighted average of the Company’s common shares as traded on the TSX Venture Exchange (the “\n \n TSX-V\n \n ”). The Consideration Shares will be subject to a four-month hold period.\n \n\n DS Consultants’ head office is located at 6221 Highway 7, Unit 16, Vaughan, Ontario, L4H 0K8. DS Consultants employs approximate...