Black Diamond Group acquires Paragon Energy Services

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Mon, Feb 8, 2010
Potash Company News
Post by Melissa Pistilli, Potash Reporter

Black Diamond Group Limited (TSX:BDI) reported that the company has completed the acquisition of all of the shares of Paragon Energy Services (Saskatchewan) Ltd. for total consideration of $556,000 and the issuance of 254,427 common shares of Black Diamond Group Limited with an effective date of January 1, 2010.

The press release is quoted as saying:

Paragon is based in Estevan, Saskatchewan. Servicing primarily the oil and potash markets in southern Saskatchewan, Paragon has a surface rental fleet of approximately 220 units and generated approximately $3 million of rental and operations revenue and EBITDA of approximately $1.4 million in 2009

Click here to access the entire press release

Click here to access Black Diamond Group Corporate Site

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