Tuesday, January 28, 2014

Badger Daylighting Ltd. - BAD.t

Badger Daylighting Ltd. - BAD.t is North America’s leading provider of non-destructive hydrovac excavation services.

Key technology is the Badger Hydrovac System, a truck-mounted hydrovac excavation unit that is used primarily for digging safely in areas with buried pipes and cables. Unlike traditional mechanical excavation, the Badger Hydrovac uses a pressurized water stream to liquefy the soil cover, which is then removed with a powerful vacuum system and deposited into a storage tank housed on the truck.

On January 24, 2014 the company released News

"Badger Daylighting Ltd. (“Badger”) announces that its board of directors has approved the split of all of the issued and outstanding common shares of Badger on a basis of three (3) common shares for every one (1) existing common share held. As a result of the split, Badger’s issued capital will triple from approximately 12.34 million to approximately 37.03 million common shares. Badger has determined to proceed with the share split in order to provide increased liquidity in its shares.

The record date for the share split will be the close of business on January 24, 2014. The payment date, being the date that additional common shares issuable as a result of the share split will be issued, will be on January 27, 2014. Ex-distribution trading in the common shares on split-adjusted basis will commence on January 28, 2014."