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TerraVest Announces Increased Investment in Green Energy Services
TerraVest Announces Increased Investment in Green Energy Services Canada NewsWi...
About this update from Terravest Industries, Inc.
[{"type":"text","content":"\n \n \n \n TerraVest Announces Increased Investment in Green Energy Services\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 TORONTO\n \n ,\n \n Nov. 8, 2021\n \n /CNW/ - TerraVest Industries Inc., (TSX: TVK) (\"TerraVest\" or the \"Company\") announces today that it has acquired an additional 6,202,740 shares in Green Energy Services (\"GES\"). With this acquisition Terravest now owns 66.8% of the outstanding shares of GES.\n \n \n \"Green Energy is a great business with a great management team. We have watched the company grow as a minority shareholder and are very excited for this opportunity to partner with the management team and take a bigger role in its success,\" commented\n \n Dustin Haw\n \n , President and Chief Executive Officer.\n \n \n GES, operating under the name Fraction Energy Services, is an industry leader in water management and environmental solutions. The Doig River First Nation \"DRFN\" is an equitable partner in GES.\n \n Ken Wagner\n \n , President and CEO commented \"We are extremely excited to have Terravest as our largest partner. They will further advance our ability to be a leader in the water management space and help us achieve our ESG Goals with their best-in-class manufacturing and engineering groups.\"\n \n \n TerraVest acquired the shares of GES using its existing credit facilities and the issuance of TerraVest shares.\n \n \n \n \n Caution Regarding Forward-Looking Statements\n \n \n \n \n \n This news release contains forward-looking statements.  All statements other than statements of historical fact contained in this news release are forward-looking statements, including, without limitation, statements regarding our strategic direction and evaluation of the business segments and TerraVest as a whole, and other plans and objectives of or involving TerraVest. Readers can identify many of these statements by looking for words such as \"expects\" and \"will\" or similar terms or variations of these words. Although management believes that the expectations represented in such forw...