Vertex Resource Group Ltd. (TSXV:VTX) acquired Young EnergyServe Inc. for CAD 13.2 million on September 29, 2022. The acquisition was completed for a purchase price of CAD 13.8 million, including 5.45 million common shares being issued at CAD 0.55 per common share, a cash payment on closing of CAD 6,800,000 and the issuance of a CAD 4,000,000 promissory note, subject to adjustments made in accordance with the purchase and sale agreement. .Vertex will use its existing credit facilities to fund the acquisition.

Vertex Resource Group Ltd. (TSXV:VTX) completed the acquisition of Young EnergyServe Inc. on September 29, 2022.