Zedcor Inc.

Recent News

  • Zedcor Inc. Completes Sale of Rentals Segment Assets for $11.3 Million; Appointment of Chief Operating Officer

    Calgary, Alberta--(Newsfile Corp. - June 30, 2021) - Zedcor Inc. (TSXV: ZDC) (the "Company" or "Zedcor") is pleased to announce that further to its press release dated May 27, 2021, it has completed the sale of its Rentals Segment assets to Maynbridge Capital Inc ("Maynbridge").Gross cash proceeds from the transaction were $11.3 million. This amount will be applied against Zedcor's indebtedness to Maynbridge. As a result of the transaction, the Company's outstanding debt to Maynbridge, which excludes amounts drawn on...

    2021-06-30 10:21 PM EDT
  • Zedcor Inc. Announces Appointment of Wade Felesky as Chairman of the Board and Stock Option Grant

    Calgary, Alberta--(Newsfile Corp. - May 31, 2021) - Zedcor Inc. (TSXV: ZDC) (the "Company" or "Zedcor") is pleased to that effective June 1, 2021, Wade Felesky will be appointed Chairman of the Board of Directors. Mr. Felesky has over 25 years of investment banking, financing and business experience. He has helped numerous companies raise debt and equity financing and will help Zedcor execute its strategy of expanding its security and surveillance business. Mr. Felesky's contacts, investment and...

    2021-05-31 7:09 PM EDT
  • Zedcor Inc. Enters into Agreement to Sell Rentals Segment Assets for $11.3 Million

    Calgary, Alberta--(Newsfile Corp. - May 27, 2021) - Zedcor Inc. (TSXV: ZDC) (the "Company" or "Zedcor") today announced it has entered into an agreement with a privately held company, controlled and owned by Maynbridge Capital Inc., to sell the assets of the Company's Rentals segment (the Rentals Assets") for cash proceeds of $11.3 million (the "Transaction").Transaction Details:In addition to the $11.3 million of cash proceeds, Zedcor will receive:a bonus payment of 35% for each dollar of earnings before interest, taxes,...

    2021-05-27 6:00 AM EDT
  • Zedcor Inc. Announces First Quarter Results for 2021 and Sale of Certain Rental Assets

    Calgary, Alberta--(Newsfile Corp. - May 19, 2021) - Zedcor Inc. (TSXV: ZDC) (the "Company") today announced its financial and operating results for the quarter ended March 31, 2021, sale of its rig mat rental fleet and certain other oilfield rental assets.Sale of Rig Mat Rental Fleet:During the quarter, the Company continued to divest under-utilized Rental segment assets. As a result of declining customer demand and rental rates, the Company made the strategic decision to divest its rig mat rental fleet. ...

    2021-05-19 6:00 AM EDT
  • Zedcor Inc. Announces 2020 Year End Results and Continued Expansion of MobileyeZ Fleet

    Calgary, Alberta--(Newsfile Corp. - April 9, 2021) -  Zedcor Inc. (TSXV: ZDC) (the "Company") today announced its financial and operating results for the year ended December 31, 2020 and continued expansion of its MobileyeZ fleet of security towers, including investment in environmentally friendly options.Expansion of MobileyeZ fleet:Due to increased customer demand, the Company continues to innovate and invest in its fleet of security towers, including investment in environmentally friendly options to help customers meet their carbon reduction targets. As...

    2021-04-09 7:11 PM EDT
  • Zedcor Inc. Signs 21-Month, $1.8 Million Agreement with a Construction Partnership to Provide Hybrid MobileyeZ Security Towers

    Calgary, Alberta--(Newsfile Corp. - February 17, 2021) - Zedcor Inc. (TSXV: ZDC) (the "Company" or "Zedcor"), a leading provider of strategic security solutions and remote video surveillance systems, is pleased to announce that it has entered into a rental and service agreement with a large engineering and construction joint venture (the "JV"). Zedcor, through its wholly-owned operating subsidiary, Zedcor Security Solutions Corp., will provide the JV with the rental of up to 15 of Zedcor's proprietary Hybrid MobileyeZ security...

    2021-02-17 6:30 AM EST
  • Zedcor Inc. Signs Two Year, $14 Million Agreement for Deployment of 100 Hybrid MobileyeZ Security Towers

    Calgary, Alberta--(Newsfile Corp. - January 19, 2021) - Zedcor Inc. (TSXV: ZDC) (the "Company" or "Zedcor"), a leading provider of strategic security solutions and remote video surveillance systems, is pleased to announce that it has entered into a rental and service agreement with a major pipeline contractor. Zedcor, through its wholly-owned operating subsidiary, Zedcor Security Solutions Corp., will provide the pipeline contractor with the rental and service of up to 100 of Zedcor's Hybrid MobileyeZ security towers featuring ground...

    2021-01-19 7:30 AM EST
  • Zedcor Inc. Announces Stock Option Grant

    Calgary, Alberta--(Newsfile Corp. - December 8, 2020) -  Zedcor Inc. (TSXV: ZDC) (the "Company" or "Zedcor") announces that today options to purchase 225,000 common shares of the Company were granted to directors of the Company, with an exercise price of $0.15 per share. The options have been granted pursuant to the Company's 10% rolling stock option plan and will expire five years from the date of grant. All of the options will vest as to one third thereof on each...

    2020-12-08 7:00 PM EST