|Bid||0.01 x 0|
|Ask||0.01 x 0|
|Day's Range||0.0100 - 0.0100|
|52 Week Range||0.0100 - 0.0400|
|Beta (3Y Monthly)||1.04|
|PE Ratio (TTM)||N/A|
|Earnings Date||Nov 26, 2018 - Nov 30, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
CALGARY, Alberta, Nov. 22, 2018 -- CORDY OILFIELD SERVICES INC. (the “Corporation” or “Cordy”) (CKK: TSX-V) released today its third quarter 2018 results. Three months ended.
CORDY OILFIELD SERVICES INC. (“Cordy” or the “Company”) (CKK:TSX-V) announces that it has entered into a non-binding Memorandum of Understanding with Remedx Remediation Services Inc. (“Remedx”, collectively with Cordy, the “Parties”). The MOU establishes the framework for the Parties to form joint ventures to pursue various business opportunities, throughout Alberta, in connection with the management of hydrovac generated waste. The initial joint venture will be a non-hazardous slurry facility (the “Site”) located adjacent to Remedx’s Waste Management Facility located in Breton, Alberta (the “Facility”).
Cordy Oilfield Services Inc. (“Cordy” or the “Company”) (TSX VENTURE: CKK) has entered into a line of credit agreement, (the “Agreement”), with a private lender (the “Creditor”), pursuant to which it may borrow up to an amount equal to 50% of eligible receivables, on a revolving basis (the “Credit Facility”). Based on the current level of eligible receivables Cordy’s availability under the Credit Facility is approximately $1.5 million. The Agreement includes a General Security Agreement that grants the Creditor a continuing security interest in all present and after acquired property of Cordy and its subsidiaries.
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