Offer to Purchase Select Sands´ Ownership Position in Comstock Metals Extended to September 8, 2017
VANCOUVER, Sept. 06, 2017 - Select Sands Corp. (“Select Sands” or the “Company”) (TSX-V:SNS) (OTC:SLSDF) today announced that the offer from SJ Strategic Investments, LLC, Gracetree Investments, LLC, Gregory Asset Partners, LLC and the Gregory Irrevocable Equalizing Trust (together referred to as the “Syndicate”) to purchase the 20,000,000 common shares of Comstock Metals Ltd. (TSX-V:CSL) held by the Company has been extended to Friday, September 8, 2017 at 5:00 PM Eastern Time.Select Sands is continuing to assess the Syndicate’s offer and will provide an update when a decision has been made.
Separately, Select Sands also announced today that Al Petrie Investor + Media Relations, LLC (“Petrie”) has been engaged to provide investor relations, financial and strategic analysis and related services to the Company. The Petrie firm is based in New Orleans, Louisiana, with an additional office in Houston, Texas, and owned by President, Al Petrie.
Petrie will be paid for its services on a time spent basis with rates for services of up to US $300 per hour. The agreement has no fixed term and may be terminated by either party on 30 days prior written notice. The agreement described in this press release remains subject to regulatory approval. The Company has been advised that neither Petrie nor its principals currently own any shares of Select Sands and have no previous business relationships with the Company.
About Select Sands Corp.
Select Sands Corp. is an industrial Silica Product company developing its 100% owned, 520-acre Northern White, Tier-1, silica sands project located in Arkansas, U.S.A. Select Sands’ Arkansas property has a logistical advantage of being significantly closer to oil and gas markets located in Oklahoma, Texas, New Mexico, Colorado and Louisiana than Wisconsin sources. The Tier-1 reference above is a classification of frac sand developed by PropTester, Inc., an independent laboratory specializing in the research and testing of products utilized in hydraulic fracturing & cement operations, following ISO 13503-2:2006/API RP19C:2008 standards.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contact
Please visit www.selectsandscorp.com or call:
Zigurds Vitols, President & CEO
Phone: (604) 639‐4533