Calgary-based Golconda Resources (GA-V, GOLCF-O) has announced its acquisition of Lyncorp Drilling Services.
Lyncorp is a private company headquartered in Calgary, Alta., that focuses on providing diamond-core drilling services for projects in British Columbia, Saskatchewan, Alaska and Nevada. The company holds seven rigs for use in both skid mounted and helicopter supported drilling.
As part of the agreement, Golconda will buy all issued and outstanding shares of Lyncorp for an aggregate purchase price of $6.5 million.
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