- Pacific Arc Resources Ltd (PAV.H) enters a letter of intent (LOI) with RocketFrac Services Ltd. for a proposed business combination
- The transaction would result in RocketFrac Cleantech becoming a wholly owned subsidiary of Pacific Air
- Trading in Pacific Arc common shares has been halted until the transaction is either closed or terminated
- Pacific Arc Resources Ltd is a Canada-based exploration company
- Pacific Arc Resources Ltd (PAV) shares last traded at $0.20 per share
Pacific Arc Resources Ltd (PAV.H) has signed an LOI with RocketFrac Services for a proposed business combination.
The transaction would result in RocketFrac Cleantech becoming a wholly-owned subsidiary of Pacific Air.
Trading in Pacific Arc common shares has been halted until the completion or termination of the proposed transaction.
RocketFrac Cleantech is an innovative energy service company developing technologies to boost reservoir production with a lower environmental footprint. By eliminating the need to use fresh water in the fracking process, its patent-pending proprietary technology conserves the precious resource, while lowering greenhouse gas emissions, and improving operational efficiency.
Pacific Arc Resources Ltd is a Canada-based exploration company that is engaged in the business of acquisition, exploration, and development of mineral resource properties.
Shares of Pacific Arc Resources Ltd (PAV.H) last traded at $0.20 per share.
