ELTZ(.0032x.0036) 8K - Elite Group to purchase Pirate Oilfield Services
Item 2.01 Completion of Acquisition or Disposition of Assets
On September 13, 2017, Elite Group Inc entered into and executed an agreement to purchase Pirate Oilfield Services. Under the terms of the agreement Elite will assume a bank note of $850,000 and other specifically identified expenses. Pirate had revenue of $6.5 million in 2016 and $3.5 million through July 2017.
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