Business
LITE ACCESS RECEIVES CONDITIONAL ACCEPTANCE OF ITS ACQUISITION OF IRONMAN DIRECTIONAL DRILLING LTD.
LITE ACCESS RECEIVES CONDITIONAL ACCEPTANCE OF ITS ACQUISITION OF IRONMAN DIRECTIONAL DRILLING LT...
About this update from Ironman International Ltd.
[{"type":"text","content":"\n \n \n \n LITE ACCESS RECEIVES CONDITIONAL ACCEPTANCE OF ITS ACQUISITION OF 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 June 13, 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 pleased to announce that it has received conditional acceptance from the TSX Venture Exchange of its proposed acquisition of\n \n 1097195 B\n \n .C. Ltd. (\"\n \n Ironman\n \n \") 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 .\n \n \n 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 of aerial and underground construction methodologies including splicing, testing and maintenance.\n \n \n Our innovative approach, flexible products and installation solutions are combined with decades of experience and unparalleled passion. 'The Lite Access Way' methodology of construction for both trunk and fibre-to-the-premises (FTTx) connectivity has become a recommended and preferred method of fibre in...