/NOT FOR DISTRIBUTION TO UNITED
STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES/
NISKU, AB, April 6, 2017 /CNW/ - Hyduke Energy Services
Inc., ("Hyduke" or the "Company") is pleased to
announce the closing of the previously announced (April 3, 2017) acquisition (the
"Acquisition") by Hyduke of all of the issued and
outstanding common shares of Avalanche Metal Industries Ltd.
("Avalanche"), a private corporation engaged in the business
of structural steel manufacturing, including production tanks,
steps and ladders for production tanks and other equipment for
industries including the oilfield and forestry. Based in
Kelowna, B.C., Avalanche is a low
cost manufacturer of structural steel products ideally located in
central B.C. to support Hyduke's expansion into new markets.
Forward looking information
This news release contains forward-looking information
relating to the expectations of management that the integration
process will lead to improvements in operations and efficiency for
both Western and Hyduke. Such forward-looking information is
subject to important risks, uncertainties and assumptions. The
results or events predicated in this forward-looking information
may differ materially from actual results or events. As a result,
you are cautioned not to place undue reliance on this
forward-looking information.
Forward-looking information is based on certain factors and
assumptions regarding, among other things, general assumptions
respecting the business and operations of Hyduke and economic
factors. While the Company considers these assumptions to be
reasonable based on information currently available to it, they may
prove to be incorrect.
Forward looking-information is subject to certain factors,
including risks and uncertainties that could cause actual results
to differ materially from what is currently expected. These factors
include but are not limited to risks associated with the failure of
the Company to obtain the benefits of integration; volatility in
market prices for oil and natural gas; and the general economic
conditions in Canada.
You should not place undue importance on forward-looking
information and should not rely upon this information as of any
other date. While the Company may elect to, the Company is under no
obligation and does not undertake to update this information at any
particular time, except as required by law.
The TSX has neither reviewed nor approved this
release.
SOURCE Hyduke Energy Services Inc.