TSXV-Listed Athabasca Minerals Acquiring TerraShift Engineering to Enhance Service Offering

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TSXV-Listed Athabasca Minerals Acquiring TerraShift Engineering to Enhance Service Offering

posted on Jun 30, 2020 06:05PM

2020-06-30 04:09:28 PM ET (MT Newswires)

04:09 PM EDT, 06/30/2020 (MT Newswires) -- Athabasca Minerals (AMI.TO), up 15% on Tuesday, said after market close said it agreed to acquire TerraShift Engineering, a mapping software company, for an undisclosed price.

The company said TerraShift's resource data, search intelligence and geospatial software will add functions to its own RockChain platform.

"There's a natural fit for TerraShift with AMI that is mutually advantageous. In addition to strengthening the functionality of AMI RockChain, TerraShift will also enable our other divisions, namely AMI Silica and AMI Aggregates," chief executive Robert Beekhuizen said in a release.

Athabasca shares closed up C$0.02 to C$0.15 on the TSX Venture Exchange.

Price: 0.1450, Change: +0.0150, Percent Change: +11.54

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