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North American Construction Group Ltd (NOA.TO)

NOA.TO on Toronto Stock Exchange

11.92CAD
11 Dec 2018
Change (% chg)

$0.26 (+2.23%)
Prev Close
$11.66
Open
$11.77
Day's High
$11.93
Day's Low
$11.50
Volume
94,244
Avg. Vol
95,041
52-wk High
$16.41
52-wk Low
$5.11

Latest Key Developments (Source: Significant Developments)

North American Construction Group Announces $300 Mln Credit Facility
Friday, 23 Nov 2018 

Nov 23 (Reuters) - North American Construction Group Ltd ::NORTH AMERICAN CONSTRUCTION GROUP LTD. ANNOUNCES $300M CREDIT FACILITY.NORTH AMERICAN CONSTRUCTION GROUP LTD - ANNOUNCED TODAY AN UPSIZED $300 MILLION AMENDED AND RESTATED CREDIT AGREEMENT.NORTH AMERICAN CONSTRUCTION GROUP LTD - CREDIT FACILITY WITH AN ABILITY TO INCREASE MAXIMUM BORROWINGS BY AN ADDITIONAL $50 MILLION.NORTH AMERICAN CONSTRUCTION - ALONG WITH UPGRADED CREDIT FACILITY, EQUIPMENT FINANCING LIMIT HAS BEEN INCREASED TO $150 MILLION UP FROM $100 MILLION.NORTH AMERICAN CONSTRUCTION GROUP LTD - TERM OF CREDIT FACILITY IS COMMITTED FOR 3 YEARS, WITH AN OPTION TO EXTEND ON AN ANNUAL BASIS.  Full Article

North American Construction Group Reports Q3 Revenue of C$84.9 Mln
Tuesday, 30 Oct 2018 

Oct 30 (Reuters) - North American Construction Group Ltd ::ANNOUNCES RESULTS FOR THE THIRD QUARTER ENDED SEPTEMBER 30, 2018.Q3 REVENUE ROSE 21.3 PERCENT TO C$84.9 MILLION.QTRLY EARNINGS PER SHARE $0.05.ON TRACK TO EXCEED ITS GROWTH OBJECTIVES FOR 2018.  Full Article

Aecon Agrees To Sell Contract Mining Business To North American Construction Group
Wednesday, 3 Oct 2018 

Oct 3 (Reuters) - Aecon Group Inc ::PRESS RELEASE - AECON AGREES TO SELL CONTRACT MINING BUSINESS TO NORTH AMERICAN CONSTRUCTION GROUP.AECON GROUP INC - TO SELL TO NACG SUBSTANTIALLY ALL OF ASSETS RELATED TO AECON'S CONTRACT MINING BUSINESS FOR $199.1 MILLION IN CASH.AECON GROUP INC - WILL CONTINUE TO OPERATE ITS CONTRACT MINING BUSINESS.AECON GROUP INC - NACG PAID AECON A $10 MILLION DEPOSIT, WHICH WILL BE APPLIED TO PURCHASE PRICE IF DEAL CLOSES AS CONTEMPLATED.AECON GROUP INC - BALANCE OF PRICE WILL BE PAID IN FOUR INSTALMENTS, WITH FIRST INSTALMENT OF $153.6 MILLION DUE AT CLOSING.AECON GROUP INC - IF SALE IS NOT COMPLETED DUE TO DEFAULT BY NACG OF OBLIGATIONS UNDER AGREEMENT, DEPOSIT WILL BE RETAINED BY AECON.  Full Article

North American Construction Group Announces Expansion Of Heavy Construction Fleet Via An Attractive Acquisition
Wednesday, 3 Oct 2018 

Oct 3 (Reuters) - North American Construction Group Ltd ::NORTH AMERICAN CONSTRUCTION GROUP ANNOUNCES EXPANSION OF HEAVY CONSTRUCTION FLEET VIA AN ATTRACTIVE ACQUISITION.NORTH AMERICAN CONSTRUCTION GROUP LTD - DEAL FOR $199.1 MILLION IN CASH.NORTH AMERICAN CONSTRUCTION GROUP - EXPECT TRANSACTION TO BE ACCRETIVE TO EBITDA, FREE CASH FLOW AND EARNINGS.NORTH AMERICAN CONSTRUCTION GROUP - ANTICIPATE 2019 BASIC EARNINGS PER SHARE COULD EXCEED $1.60, SUBJECT TO TRANSACTION CLOSING BY END OF 2018.NORTH AMERICAN CONSTRUCTION - DEAL WILL BE FULLY FINANCED AT CLOSING THROUGH UPSIZED & EXTENDED CREDIT FACILITY WITH NACG'S EXISTING LENDERS.NORTH AMERICAN CONSTRUCTION - NACG INTENDS TO USE OPERATIONAL CASH FLOW TO DE-LEVER ITS BALANCE SHEET BY AROUND $150 MILLION OVER NEXT THREE YEARS.NORTH AMERICAN CONSTRUCTION - DEAL WILL BE FULLY FINANCED AT CLOSING THROUGH UPSIZED & EXTENDED CREDIT FACILITY WITH CO'S EXISTING LENDERS.NORTH AMERICAN CONSTRUCTION - $10 MILLION DEPOSIT PAID UPON SIGNING AGREEMENT; BALANCE DEAL PRICE TO BE PAID IN 4 INSTALMENTS.NORTH AMERICAN CONSTRUCTION - ENTERED DEFINITIVE PURCHASE & SALE AGREEMENT TO BUY HEAVY CONSTRUCTION EQUIPMENT FLEET & RELATED ASSETS OF AECON GROUP.NORTH AMERICAN CONSTRUCTION GROUP - TRANSACTION EXPECTED TO PROVIDE CO WITH OVER $220 MILLION OF ADDITIONAL ANNUAL REVENUE CAPABILITY.  Full Article

North American Construction Group Appoints Jason Veenstra as Chief Financial Officer
Thursday, 6 Sep 2018 

Sept 6 (Reuters) - North American Construction Group Ltd ::SAYS JASON VEENSTRA APPOINTED CFO.. ANNOUNCES APPOINTMENT OF EXECUTIVE VICE PRESIDENT AND CHIEF FINANCIAL OFFICER.JASON VEENSTRA APPOINTED EXECUTIVE VICE PRESIDENT AND CFO EFFECTIVE SEPTEMBER 10 2018.  Full Article

North American Construction Wins Second Significant Term Contract
Wednesday, 20 Jun 2018 

June 20 (Reuters) - North American Construction Group Ltd ::NORTH AMERICAN CONSTRUCTION GROUP LTD. ANNOUNCES THE AWARD OF A SECOND SIGNIFICANT TERM CONTRACT FOR EARTHWORKS IN THE OILSANDS.NORTH AMERICAN CONSTRUCTION GROUP - VALUE OF INCREMENTAL BACKLOG IS EXPECTED TO BE AROUND $160 MILLION.  Full Article

North American Energy Partners reports Q3 loss per share c$0.02
Tuesday, 31 Oct 2017 

Oct 31 (Reuters) - North American Energy Partners Inc :North American Energy Partners Inc announces results for the third quarter ended september 30, 2017.Q3 revenue rose 45.2 percent to c$70 million.Q3 loss per share c$0.02.  Full Article

North American Energy Partners says Ronald McIntosh to step down from chair of board
Tuesday, 31 Oct 2017 

Oct 31 (Reuters) - North American Energy Partners Inc :North American Energy Partners Inc announces changes to its board and management structures.North American Energy Partners Inc says ‍Ronald McIntosh will step down from chair of board of directors, however will remain as a board member​.North American Energy Partners Inc says ‍martin Ferron will assume role of chairman, in addition to that of CEO and will step down as president​.  Full Article

North American Energy Partners announces changes to its board and management structures
Tuesday, 31 Oct 2017 

Oct 31 (Reuters) - North American Energy Partners Inc :North American Energy Partners Inc announces changes to its board and management structures.North American Energy Partners Inc - ‍Ronald A. Mcintosh will step down from chair of board of directors, however will remain as a board member​.North American Energy Partners Inc - ‍Martin Ferron will assume role of chairman of board, in addition to that of CEO and will step down as president​.  Full Article

North American Energy Partners Quarterly loss per share C$0.02
Tuesday, 14 Feb 2017 

North American Energy Partners Inc : North American Energy Partners Inc. Announces results for the quarter ended december 31, 2016 . Quarterly revenue c$62.2 million versus c$65 million . Quarterly loss per share c$0.02 . North American Energy Partners Inc - amended previously-announced normal course issuer bid through facilities of toronto stock exchange . North American Energy - received conditional approval from tsx to increase number of shares available for repurchase under ncib by 1.66 million shares . North American Energy Partners - on jan 25, co awarded an overburden removal contract which is expected to generate over $45 million in revenues for co in fy 2017 .North American Energy Partners Inc - "in response to downturn, most of company's oil sands mining customers elected to increase their production".  Full Article