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Energold Drilling acquisition of K&D Hamel 2016-03-09 18:39 ET - Acquisition The TSX Venture Exchange has accepted for filing documentation relating to a share purchase agreement dated March 4, 2016, between an arm's-length party and Energold Drilling Corp. Pursuant to the agreement, the company has acquired all the issued and outstanding shares of K&D Hamel Holdings Ltd., which is a horizontal directional driller servicing the telecommunications, water, sewage, hydro, and oil and gas markets, in Central Canada. In consideration, the company shall pay a total of up to $5,908,000 over a three-year period. The company may pay an additional of up to $531,666 per year for the three-year period as performance incentive based on certain growth metrics. Further, the company shall pay finders' fees of approximately $120,000 upon closing, plus up to an additional $8,000 per year over the three-year period, to Osprey Capital Partners Inc.