Empire Industries Announces Plan of Arrangement for Spin-Out of Hydrovac Business
CALGARY, May 18, 2016 – Empire Industries Ltd. (“Empire”) (EIL: TSX-V) is pleased to announce that, further to its news release of February 1, 2016, Empire has entered into an arrangement agreement (the “Arrangement Agreement”) with its wholly-owned subsidiaries, Tornado Global Hydrovacs Ltd. (“Tornado”) and Tornado Global Hydrovacs Inc. contemplating the spin-out (the “Arrangement”) to …