LITE ACCESS EXTENDS EXCLUSIVITY PERIOD WITH IRONMAN DIRECTIONAL DRILLING LTD.

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[{"type":"text","content":"\n \n \n \n LITE ACCESS EXTENDS EXCLUSIVITY PERIOD WITH IRONMAN DIRECTIONAL DRILLING LTD.\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n Sept. 11, 2023\n \n \n /CNW/ -\n \n LITE ACCESS TECHNOLOGIES INC.\n \n (\"\n \n Lite Access\n \n \" or the \"\n \n Company\n \n \") (TSXV: LTE) (OTC: LTCCF), a world leader in fibre optic products and advanced installation methodologies, is announcing that it has entered into an amending agreement with\n \n 1097195 B\n \n .C. Ltd. (\"\n \n Ironman\n \n \") to further extend the period of exclusivity to\n \n November 15, 2023\n \n , in relation to its proposed acquisition of Ironman and its wholly-owned subsidiary, Ironman Direction Drilling Ltd., an experienced provider of directional drilling (the \"\n \n Transaction\n \n \"), which was previously announced in the news release dated\n \n May 5, 2023\n \n . The further extension of the period of exclusivity was agreed upon in order to permit the parties to complete their respective due diligence investigations, settle the terms of the definitive agreement and to allow Ironman to finalize its audit arrangements.\n \n \n The parties are conducting their respective due diligence with the help of their legal and financial advisors. The completion of the Transaction is subject to a number of key conditions including entry into a definitive agreement between Lite Access and Ironman, completion of due diligence of the parties, shareholder approval, TSX Venture Exchange final approval and other conditions customary for this type of Transaction.\n \n \n The Company will issue a subsequent news release upon entry into a definitive share purchase agreement with Ironman.\n \n \n \n About Lite Access\n \n \n \n Recognized as an industry leader possessing years of experience in the telecommunications space, Lite Access offers total integrated solutions for all types of telecom requirements. Beginning with a comprehensive project analysis to engineering, design and permitting, Lite Access proudly offers a full complement ...

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