Métis Infinity to Take Stake in Elevate Service Group Under Red Lake Acquisition Plan

Bitget2026/10/28 12:09

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Elevate Service Group signed a nonbinding letter of intent to acquire 100% of Red Lake Plumbing & Heating for $1.3 million.
Consideration comprises $650,000 cash at closing, $300,000 in common shares and a $350,000 promissory note.
Seller Métis Infinity Investments will become a shareholder; the shares carry a three-year lockup, with one-third released annually.
The three-year promissory note accrues interest at 2%, 3% and 4% in successive years, payable with principal at maturity.
Closing is expected by year-end 2026, subject to definitive documentation and TSX Venture Exchange approval.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Elevate Service Group Inc. published the original content used to generate this news brief via Newsfile (Ref. ID: 202610280800NEWSFILECNPR____20261028_321359_1) on October 28, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Métis Infinity to Take Stake in Elevate Service Group Under Red Lake Acquisition Plan

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