Select Sands Announces Temporary Furlough at Sandtown
15 Oktober 2018 - 2:33PM
Select Sands Corp. ("Select Sands" or the "Company") (TSXV: SNS |
OTCQX: SLSDF) announced today that it has placed 26 employees
at its Arkansas operations on temporary furlough until further
notice. This necessary step results from the current
industry-wide market disruption, which has impacted demand for
Select Sands' Northern White frac sand. Shipments and limited
production continue, while the Company continues to pursue
additional opportunities.
Zig Vitols, President and CEO, states, “The recent disruption in
the industry has required us to take these necessary steps to
manage our business successfully while minimizing the impact to
resume improvements when frac sand demand strengthens. We
have been proud employers of a qualified workforce in our area and
look forward to bringing our full team back on board as soon as
possible.”
About Select Sands Corp.
Select Sands Corporation is an industrial silica product company
which owns a number of properties in Arkansas and is currently in
production at its 100% owned, 520-acre Northern White, Tier-1,
silica sands property located near Sandtown, Arkansas, U.S.A.
Select Sands’ goal is to become a key supplier of premium
industrial silica sand and frac sand to North American markets.
Select Sands’ Arkansas properties have a significant logistical
advantage of being significantly closer to oil and gas markets
located in Oklahoma, Texas and Louisiana than sources of similar
sands from the Wisconsin area.
For more information about Select Sands Corp., please visit
www.selectsands.com or contact:
Zigurds Vitols President & CEO Phone: (844) 806-7313
Investor Relations Arlen Hansen
SNS@kincommunications.com Phone: (604) 684-6730
FORWARD-LOOKING INFORMATION
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.
This News Release includes forward-looking
information and statements, which may include, but are not limited
to, information and statements regarding or inferring the future
business, operations, financial performance, prospects, and other
plans, intentions, expectations, estimates, and beliefs of the
Company. Such statements include statements regarding the
timing of bringing back our furloughed employees. Information and
statements which are not purely historical fact are forward-looking
statements. Forward-looking information and statements
involve and are subject to assumptions and known and unknown risks,
uncertainties, and other factors which may cause actual events,
results, performance, or achievements of the Company to be
materially different from future events, results, performance, and
achievements expressed or implied by forward-looking information
and statements herein. Although the Company believes that any
forward-looking information and statements herein are reasonable,
in light of the use of assumptions and the significant risks and
uncertainties inherent in such information and statements, there
can be no assurance that any such forward-looking information and
statements will prove to be accurate, and accordingly readers are
advised to rely on their own evaluation of such risks and
uncertainties and should not place undue reliance upon such
forward-looking information and statements. Any
forward-looking information and statements herein are made as of
the date hereof, and except as required by applicable laws, the
Company assumes no obligation and disclaims any intention to update
or revise any forward-looking information and statements herein or
to update the reasons that actual events or results could or do
differ from those projected in any forward-looking information and
statements herein, whether as a result of new information, future
events or results, or otherwise, except as required by applicable
laws.
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