Orix Geoscience Inc. ("Orix"), Zone 14 GeoInfo Solutions Inc. ("Zone 14") and Grassroots Syndicate Inc. ("Grassroots") today announced that it has signed a Memorandum of Understanding whereby Orix will acquire Zone 14 and Grassroots. The acquisition builds on Orix's expanding presence in the mineral exploration industry and its ability to provide skilled geoscience professionals and services to exploration and mining companies.
Shastri Ramnath, President of Orix, said "I am excited about the acquisition as it provides Orix with the opportunity to grow and expand its presence in Canada. We are committed to delivering the best and most complete geoscience-based services for exploration and project development and the acquisition of Zone 14 and Grassroots will strengthen our offering. We look forward to providing our existing and new clients with continuous service and support. The businesses are a perfect fit for Orix's approach to data compilation, governance and quality control in our industry."
"This represents an exciting opportunity for all three parties and our clients," said Yvette Hawkes, President of Zone 14 and Grassroots. "We look forward to joining this enthusiastic, successful team and to be part of the remarkable growth that Orix is experiencing," added Giselle Schween, Vice President.
This transaction will combine Orix's 3D interpretation and modelling skill set with Zone 14's 2D Geographic Information Systems ("GIS") expertise and Grassroots' experienced geological field team. This transaction will also expand Orix's footprint into several key mining camps in North Western Ontario, Manitoba, and Saskatchewan with existing offices in Toronto and Sudbury, Ontario. Orix will continue to develop a strong business based on cost effective solutions and high quality professional services.
About Zone 14 GeoInfo Solutions Inc.
Zone 14 is a privately owned, Winnipeg-based consulting firm founded in 2002. The company specializes in GIS, compilation and map making, digital cartography, database restructuring, and the production of promotional materials for the mining and exploration industry. Zone 14 also offers GIS solutions for non-mining industries.
About Grassroots Syndicate Inc.
Grassroots is a privately owned, Winnipeg-based consulting firm founded in 2010 as a sister company to Zone 14. Grassroots was created to provide field technicians, prospectors, and professional geoscientists to exploration and mining companies.
About Orix Geoscience Inc.
Orix is a privately owned, Canadian-based consulting firm that specializes in providing geoscience and project management services to the mineral exploration industry. The Orix team of geoscientists' specialize in data organization and interpretation, and form partnerships with exploration and mining companies that utilize their skill-sets. Orix offers a suite of services including 2D compilation and GIS, 3D modelling, program management, investor relations support as well as document scanning, cataloguing, data entry, and large data compilations. The team continues to work in both Canada and internationally with a focus on base and precious metals.
firstname.lastname@example.org / email@example.com
Zone 14 GeoInfo Solutions Inc. / Grassroots Syndicate Inc.
firstname.lastname@example.org / email@example.com
www.zone14.com / www.grassrootssyn.com
Orix Geoscience Inc.
Shastri Ramnath, P.Geo.
President and Principal Geologist
Orix Geoscience Inc.
Vice President Corporate Development