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Hyduke Energy Services Inc. announces the closing of the acquisition of Avalanche Metal Industries Ltd.


NISKU, AB , April 6, 2017 /CNW/ - Hyduke Energy Services Inc., ("Hyduke" or the "Company") is pleased to announce the closing of the previously announced ( April 3, 2017 ) acquisition (the "Acquisition") by Hyduke of all of the issued and outstanding common shares of Avalanche Metal Industries Ltd. ("Avalanche"), a private corporation engaged in the business of structural steel manufacturing, including production tanks, steps and ladders for production tanks and other equipment for industries including the oilfield and forestry. Based in Kelowna, B.C. , Avalanche is a low cost manufacturer of structural steel products ideally located in central B.C. to support Hyduke's expansion into new markets.

Forward looking information

This news release contains forward-looking information relating to the expectations of management that the integration process will lead to improvements in operations and efficiency for both Western and Hyduke. Such forward-looking information is subject to important risks, uncertainties and assumptions. The results or events predicated in this forward-looking information may differ materially from actual results or events. As a result, you are cautioned not to place undue reliance on this forward-looking information.

Forward-looking information is based on certain factors and assumptions regarding, among other things, general assumptions respecting the business and operations of Hyduke and economic factors. While the Company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect.

Forward looking-information is subject to certain factors, including risks and uncertainties that could cause actual results to differ materially from what is currently expected. These factors include but are not limited to risks associated with the failure of the Company to obtain the benefits of integration; volatility in market prices for oil and natural gas; and the general economic conditions in Canada .

You should not place undue importance on forward-looking information and should not rely upon this information as of any other date. While the Company may elect to, the Company is under no obligation and does not undertake to update this information at any particular time, except as required by law.

The TSX has neither reviewed nor approved this release.

SOURCE Hyduke Energy Services Inc.

To view the original version on PR Newswire, visit: http://www.newswire.ca/en/releases/archive/April2017/06/c1783.html