Select Sands (TSE:SNS) has released an update.
Select Sands Corp. has announced a temporary pause in operations due to market challenges, with a focus on moving into the industrial sand markets to bolster their financial position. The company is facing a default notice from its primary lender, with a significant outstanding debt that is accruing interest, and is exploring merger and acquisition opportunities. In addition, Select Sands is under a cease trade order for not filing required financial documents on time.
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