Select Sands Receives Offer to Purchase Its Ownership Position in Comstock Metals
September 05 2017 - 8:00AM
Select Sands Corp. (“Select Sands” or the “Company”) (TSX-V:SNS)
(OTC:SLSDF) announces that it has received an offer from SJ
Strategic Investments, LLC, Gracetree Investments, LLC, Gregory
Asset Partners, LLC and the Gregory Irrevocable Equalizing Trust
(together referred to as the “Syndicate”) to purchase the
20,000,000 common shares (the "Comstock Shares") of Comstock Metals
Ltd (TSX-V:CSL) (“Comstock”) held by the Company.
On September 14, 2016, the Company sold the La
Range Gold Belt and early stage Jacobson, Old Cabin projects to
Comstock in exchange for the Comstock Shares. The Syndicate is
offering to purchase all of Comstock Shares for an aggregate
purchase price of Cdn$2.95 million or Cdn$0.1475 per Comstock
Share. The Company is currently assessing the offer and will
provide an update when a decision has been made.
About Select Sands Corp.
Select Sands Corp. is an industrial Silica
Product company developing its 100% owned, 520-acre Northern White,
Tier-1, silica sands project located in Arkansas, U.S.A. Select
Sands’ Arkansas property has a logistical advantage of being
significantly closer to oil and gas markets located in Oklahoma,
Texas, New Mexico, Colorado and Louisiana than Wisconsin sources.
The Tier-1 reference above is a classification of frac sand
developed by PropTester, Inc., an independent laboratory
specializing in the research and testing of products utilized in
hydraulic fracturing & cement operations, following ISO
13503-2:2006/API RP19C:2008 standards.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contact
Please visit www.selectsandscorp.com or call:
Zigurds Vitols
President & CEO
Phone: (604) 639‐4533
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