Vertex Resource Group’s $15 Million Private Placement

MLT Aikins assisted Vertex on the matter.

Vertex Resource Group Ltd.  (TSXV: VTX) closed  a $15 million non-brokered private placement of a secured subordinated convertible debenture. 

The Convertible Debenture has a five year term and will mature on March 7, 2027.

The completion of the Private Placement is a condition precedent to the proposed amalgamation with Cordy Oilfield Services Inc.

Vertex, headquartered in Sherwood Park, Alta., is an environmental services company serving the energy, mining and industrial, utilities, agriculture and forestry, and government sectors. Cordy provides construction and environmental services to clients throughout Western Canada.

The MLT Aikins’ team consisted of Sean MacLachlan (Picture), Salvatore Amelio, John Brigidear, Mark Mielke and Sheldon McDonald, and paralegal Candice Pearson. 

 

Involved fees earner: Sam Amelio – MLT Aikins; John Brigidear – MLT Aikins; Sean MacLachlan – MLT Aikins; Sheldon McDonald – MLT Aikins; Mark Mielke – MLT Aikins;

Law Firms: MLT Aikins;

Clients: Vertex Resource Group;

Sonia Carcano

Author: Sonia Carcano