Offer to Purchase Select Sands’ Ownership Position in Comstock Metals Extended to September 8, 2017
September 06 2017 - 8:00AM
Select Sands Corp. (“Select Sands” or the “Company”) (TSX-V:SNS)
(OTC:SLSDF) today announced that the 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 of Comstock Metals Ltd (TSX-V:CSL) held by
the Company has been extended to Friday, September 8, 2017 at 5:00
PM Eastern Time.
Select Sands is continuing to assess the
Syndicate’s offer and will provide an update when a decision has
been made.
Separately, Select Sands also announced today
that Al Petrie Investor + Media Relations, LLC (“Petrie”) has been
engaged to provide investor relations, financial and strategic
analysis and related services to the Company. The Petrie firm is
based in New Orleans, Louisiana, with an additional office in
Houston, Texas, and owned by President, Al Petrie.
Petrie will be paid for its services on a time
spent basis with rates for services of up to US $300 per
hour. The agreement has no fixed term and may be terminated
by either party on 30 days prior written notice. The agreement
described in this press release remains subject to regulatory
approval. The Company has been advised that neither Petrie nor its
principals currently own any shares of Select Sands and have no
previous business relationships with the Company.
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
Comstock Metals (TSXV:CSL)
Historical Stock Chart
From Dec 2024 to Jan 2025
Comstock Metals (TSXV:CSL)
Historical Stock Chart
From Jan 2024 to Jan 2025