Select Sands Announces Conclusion of Supply Agreement with Liberty Oilfield Services, LLC
04 9월 2018 - 9:09PM
Select Sands Corp. ("Select Sands" or the "Company") (TSXV: SNS |
OTCQX: SLSDF), announces that it has received notice from Liberty
Oilfield Services, LLC (“Liberty”) of Liberty’s intention to
terminate its current frac sand supply agreement (the “Agreement”)
with Select Sands. It is anticipated that such termination
will take effect in late November. Although it is possible
that Liberty will purchase frac sand from the Company following
termination of the Agreement there are no assurances that any such
relationship will continue.
Zig Vitols, Select Sands' President and CEO,
commented, “Over the past 18 months, we have worked closely with
Liberty to help serve their frac sand needs and appreciate their
support as we ramped up operations. Over the past year the
Company has been refocusing its efforts into broadening the markets
it serves and diversifying its customer base. These efforts
will continue, and we look forward to further leveraging our
premium product offering from our strategically located operations
in Arkansas with the goal of becoming a key supplier to North
American markets.”
The Company also wants to take this opportunity to provide an
update on its third quarter sales volumes. At the present
time it is anticipated that the Company's sales volumes for the
third quarter will be between 65,000 to 90,000 tons of frac and
industrial sand. Mr. Vitols noted, “Although the expected
sales volumes for the third quarter are below what the Company was
anticipating, we view this as a short-term industry wide dip in
demand, and we continue to build the business with a bullish
long-term mindset by growing the sales team, increasing our
marketing efforts, while continuing to lower our production
costs.”
About Select Sands Corp.Select
Sands Corporation is an industrial silica product company which
owns a number of properties in Arkansas and is currently in
production at its 100% owned, 520-acre Northern White, Tier-1,
silica sands property located near Sandtown, Arkansas, U.S.A.
Select Sands’ goal is to become a key supplier of premium
industrial silica sand and frac sand to North American markets.
Select Sands’ Arkansas properties have a significant logistical
advantage of being significantly closer to oil and gas markets
located in Oklahoma, Texas and Louisiana than sources of similar
sands from the Wisconsin area.
This news release includes forward-looking
information and statements, which may include, but are not limited
to, information and statements regarding or inferring the future
business, operations, financial performance, prospects, and other
plans, intentions, expectations, estimates, and beliefs of the
Company. Information and statements which are not purely
historical fact are forward-looking statements. Such
statements in this release include statements relating to future
supply arrangements and third quarter sales volumes.
Forward-looking information and statements involve and are subject
to assumptions and known and unknown risks, uncertainties, and
other factors which may cause actual events, results, performance,
or achievements of the Company to be materially different from
future events, results, performance, and achievements expressed or
implied by forward-looking information and statements herein.
Although the Company believes that any forward-looking information
and statements herein are reasonable, in light of the use of
assumptions and the significant risks and uncertainties inherent in
such information and statements, there can be no assurance that any
such forward-looking information and statements will prove to be
accurate, and accordingly readers are advised to rely on their own
evaluation of such risks and uncertainties and should not place
undue reliance upon such forward-looking information and
statements. Any forward-looking information and statements
herein are made as of the date hereof, and except as required by
applicable laws, the Company assumes no obligation and disclaims
any intention to update or revise any forward-looking information
and statements herein or to update the reasons that actual events
or results could or do differ from those projected in any
forward-looking information and statements herein, whether as a
result of new information, future events or results, or otherwise,
except as required by applicable laws.
For more information about Select Sands Corp., please visit
www.selectsandscorp.com or contact:
Zigurds VitolsPresident & CEOPhone: (844) 806-7313
Investor RelationsArlen
HansenSNS@kincommunications.comPhone: (604) 684-6730
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
Select Sands (TSXV:SNS)
과거 데이터 주식 차트
부터 11월(11) 2024 으로 12월(12) 2024
Select Sands (TSXV:SNS)
과거 데이터 주식 차트
부터 12월(12) 2023 으로 12월(12) 2024