just seen yall talking about CLGZF looks realy good so far Prairie Oil Field Services Ltd. Signs Agreement to Purchase 160-Acre Quarry to Increase and Diversify Product Line RATHWELL, MB, May 13, 2013 (Marketwired via COMTEX) -- Hutech21Co. Ltd. (PINKSHEETS: CLGZF), d.b.a. Prairie Oil Field Services Ltd. ("Prairie Oil Field" or "the Company"), a mining, manufacturer and distributor of crushed gravel and sand materials in North America, announced today that it has entered into an agreement to acquire a 160-acre quarry in Manitoba. The quarry will provide Prairie Oil Field with new opportunities to expand its existing quantities of crushed gravel, as well as begin mining and marketing a more diversified product line, including shale and stone specialty products. The all-cash transaction is expected to be non-dilutive to shareholders and close within 30 days. "This acquisition supports our anticipated growth as we enter the busy Spring/Summer construction season," said Darcy Hird, President and CEO of Prairie Oil Field. "Applications and demand for Prairie Oil Field's specialized expertise in mining gravel will be expanded by this acquisition. The quarry will immediately increase our inventories of crushed gravel, and enable us to produce a wide variety of stone and shale materials. We plan to purchase a screener for the quarry, which will enable us to begin offering higher-margin, specialty stone and other products and further diversify our revenue streams."
About Prairie Oil Field Services Ltd.
Established in 1996, Prairie Oil Field mines, manufactures, transports and supplies quality crushed gravel and clay sand, along with expert staffing and equipment, including gravel truckers, excavators, pickers and loaders in various sizes. Headquartered in Rathwell, Manitoba, the Company serves South Central Canada's construction industry. In addition, the Company has a number of municipal contracts through the Government of Canada's Federal Emergency Management Response System and other departments. For more information on the Company, please visit http://www.hutech21coltd.com/.
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