Cordy Oilfield Services Inc. (TSXV:CKK) entered into a non-binding letter of intent to acquire construction and transportation businesses in British Columbia from three private companies for CAD 1.7 million on June 19, 2019. Consideration includes issue of 10 million common shares of Cordy Oilfield Services and assumption of leases and other liabilities associated with certain of the operating assets used in the business totalling approximately CAD 1.5 million. The acquisition includes operating assets and business contracts of the businesses. The founder and key employee of the business will join Cordy Oilfield Services as a member of senior management upon completion of the transaction. The transaction is subject to, among other things, execution of a definitive purchase agreement, completion of due diligence, and receipt of required approvals, including the approval of the TSX Venture Exchange. Cordy Oilfield Services Inc. (TSXV:CKK) cancelled the acquisition of construction and transportation businesses in British Columbia from three private companies on June 19, 2020.