Wall Street Signals: Procon Holdings Inc. Announces Acquisition of Promec Mining Contractor Inc. (to be Renamed Procon Canada East Ltd./ Procon Est du Canada Ltee)

Procon Holdings Inc. Announces Acquisition of Promec Mining Contractor Inc. (to be Renamed Procon Canada East Ltd./ Procon Est du Canada Ltee)




Procon Holdings Inc. Announced Acquisition of Promec Mining Contractor Inc. (to be Renamed Procon Canada East Ltd./ Procon Est du Canada Ltee) announced that it has closed a transaction with Promec Mining Contractor Inc. (to be renamed Procon Canada East Ltd./ Procon Est du Canada Ltée) ("PCE"), headquartered in the province of Quebec, and its shareholders, whereby Procon will become a 70% shareholder of PCE.

All investors of PCE and the sole investor of Procon completely bolster this exchange. 

"Procon's procurement of PCE gives the Procon Group quick access to the powerful Quebec mining market, an accomplished mining contracting group situated in Val-d'Or, and a base of activities from which we will better serve our clients in Ontario and Eastern Canada. The expansion of PCE immovably builds up the Procon Group as a skillet Canadian mining contractual worker and will give a strong establishment to future development into universal markets," expressed John McVey, CEO of the Procon Group.

"We are also announcing the appointment of John Caldbick as the President of PCE. John will be based in Val-d'Or, Quebec. We are very pleased to add an industry veteran like John to the Procon Group's senior leadership team. His significant mine development and contracting experience in Eastern Canada will serve us well as we grow our base of operations in Val-d'Or and beyond," Mr. McVey further commented.
"It's a pleasure to join the Procon Group team and to execute on the Company's vision for growth in Central and Eastern Canada," stated Mr. Caldbick.
Further details of the transaction are available on the Company's web site: www.procongroup.com.
For additional information please contact:
John CaldbickPresident
PCE
1400 4th Avenue, 
Val-d'Or, QC, Canada J9P 5Z9 
Telephone: 819.824.2074   
Natasha Faucher
Manager, Business Development
Procon Mining & Tunnelling Ltd.
108-4664 Lougheed Highway
Burnaby, BC, Canada V5C 5T5
Telephone: 604.296.3462