LITE ACCESS TO AQUIRE IRONMAN DIRECTIONAL DRILLING LTD.

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[{"type":"text","content":"\n\n \n \n \n LITE ACCESS TO AQUIRE 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 May 5, 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 entered into a non-binding Letter of Intent on\n \n May 3, 2023\n \n (the \"\n \n LOI\n \n \") to acquire\n \n 1097195 B\n \n .C. Ltd. (\"\n \n Ironman\n \n \") and its wholly-owned subsidiary, Ironman Directional Drilling Ltd., an experienced provider of directional drilling (the \"\n \n Transaction\n \n \").\n \n \n \n Mike Plotnikoff\n \n , Chief Executive Officer of Lite Access states \"Lite Access's proposed acquisition of Ironman confirms our commitment to fast track the growth of our business in\n \n Canada\n \n and abroad. Ironman, led by\n \n Mike Irmen\n \n , has established itself as one of the premier directional drilling service providers in\n \n Western Canada\n \n . This acquisition will be immediately accretive to our revenue and will add significant new project flow to our company.\"\n \n \n \n About Ironman\n \n \n \n Established in 1999, Ironman Directional Drilling is a recognized leader in the trenchless industry offering 24/7 horizontal directional drilling services for homeowners, businesses, and industrial clients throughout\n \n Western Canada\n \n . Focused on delivering the most cost-effective and least invasive means of underground infrastructure installations, Ironman offers a wide range of applications including telecom, electrical, water and sewer, oil, and gas, geothermal, irrigation and more. Possessing specialized machinery and an experienced team, Ironman excels in any type of terrain including lakes, rivers and ocean crossings, railways, roads, and highways as well as offers additional services to ensure on-time and on-budget project delivery.\n \n \n As\n \n Mike Irmen\n \n ,...

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