Historically, Eurocontrol was involved in the acquisition, development and commercialization of innovative test and measurement technologies for industry through subsidiary companies located Israel. With disappointing results from operations in 2017 and in an effort to improve performance and transform the Company, on March 15, 2018, Eurocontrol announced management changes and the initiation of a formal process to explore a broad range of strategic alternatives.
On July 31, 2018, Eurocontrol announced that it would be discontinuing operations in Israel after measures taken by management to reduce operating costs and to create a viable model for continued operations of these entities did not produce results that justify further investment by the Company in these operations. On October 31, 2018, shareholders approved a special resolution approving the sale of the discontinued Israeli subsidiaries.
On January 25, 2019, Eurocontrol announced its agreement to undertake a transformative transaction with Sable Resources Ltd., to acquire Sable's highly prospective BC Mining properties. Eurocontrol has scheduled a Special Meeting of Shareholders on March 29, 2019 to consider and approve the transaction with Sable and other transaction related matters. Copies of the meeting materials are included on the Upcoming Events page.
TORONTO, March 11, 2019 (GLOBE NEWSWIRE) -- Eurocontrol Technics Group Inc. (TSX Venture: EUO; OTCQB: EUCTF) (“Eurocontrol” or the “Company”) ...
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Toronto, Canada, January 25, 2019...