03:29 PM EST - Petrowest Corporation : announced today that it has entered into a binding agreement to purchase the assets of Peejay Environmental Limited Partnership. These assets include a lease for the landfill site located approximately 108 km north of Fort St. John in northeastern British Columbia, and the permit and environmental assessment certificate required for the landfill's operation. The purchase price of the assets consists of an initial payment of $5 million and subsequent earnout payments on the first 625,000 tons of waste accepted at the landfill. Petrowest Corporation
shares T.PRW are trading down $0.01 at $0.29.
