Timmins-based Norex Drilling to be acquired in $19.7M deal.
| Date | 01 November 2019 |
Timmins-based Norex Drilling Ltd. will be acquired by Major Drilling in a $19.7-million deal.
Major Drilling, which is headquartered in Moncton, N.B., made the announcement on Oct. 7.
The company is one of the largest drilling companies in the world, with field operations and offices in Canada, the United States, Mexico, South America, Asia, Africa and Europe.
The agreement will include a cash payment of $15.2 million payable on closing of the transaction, subject to working capital...
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