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Follow on Google News | HotStoqx.com Releases another Analyst Report on Enterprise Group, Inc.Enterprise already holds a letter of intent to purchase a highly successful specialized underground infrastructure construction company with operations based in Alberta.
By: Hotstoqx.com Enterprise purchased the shares of this private company for $12 million and funded it by cash, asset debt financing, and $1,000,000 in vender take-back financing to be paid over two years. Completion of this acquisition will be subject to negotiation of a definitive share purchase agreement, satisfactory due diligence by Enterprise, completion of the asset-based debt financing and customary closing conditions. Enterprise expects to close the transaction on or before May 1, 2013. As well, Enterprise Group, Inc. (TSX:E) has already announced that it has entered into a financing arrangement to raise gross proceeds of approximately $6,000,000 with its funding partner Difference Capital Funding Inc. Enterprise is pleased to have arranged this financing in such a short period of time with the help of our partners at Difference Capital" said Leonard Jaroszuk, President and CEO of Enterprise. Difference Capital Inc. and it's team have provided us with the funding and advice needed to help move this company to the next level. We are very excited to be working with Difference as we grow this company to be a leader in technology support for the infrastructure build out industry in Canada". Enterprise Group and their team have grown this company to be one of the leaders in the Canadian underground construction and heavy equipment rental sectors. This is an exciting company and one to be "watched" The financing is expected to consist of approximately $6,000,000 of unsecured convertible debentures ("Debentures") In our opinion Enterprise Group is purely under-valued and has gone 'un-noticed' in the today's market place for "too long" If you would like more information on this exceptional company, simply look at (TSX: 'E') or let us know and and we'll have someone call you. Steven Thomas HotStoqx.com IT Staff 1-604-289-4474 info@HotStoqx.com End
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