CALGARY, ALBERTA--(Marketwire - Nov. 1, 2010) - Black Diamond Group Limited ("Black Diamond" or "the Company) (TSX:BDI) and the West Moberly First Nations are pleased to announce today they have entered into an exclusive, equity-based partnership.
The First Nation is located at the west end of Moberly Lake, approximately 90 km southwest of Fort St. John, B.C., and is part of the Treaty 8 First Nations. The Nations' traditional lands cover portions of British Columbia that are rich with natural resources including shale gas, copper and gold. Black Diamond is a rapidly growing provider of remote accommodations and energy services for large resource development projects and has seen a sharp increase in projects in this area. The agreement will allow the company to better facilitate the provision of products and services into this region.
"Ultimately, this partnership will provide our customers with quality, competitively-priced products and services in the region and will allow the people in the area to participate and benefit in the development of their traditional lands." said Trevor Haynes, President and CEO of Black Diamond Group Limited on the agreement, effective October 1, 2010. "Our goal is to contribute to the skills development and training for those living in the area, connect their youth to greater opportunities, and develop the local infrastructure and capacity."
This is the second partnership Black Diamond has formed within the Treaty 8 First Nations, and the Company is committed to the development of meaningful, respectful and mutually-beneficial partnerships in this area.
"Recently, there has been a lot of outside interest in our area. In this small community, an agreement such as this could potentially impact every person in our community," said West Moberly Chief Roland Willson. "We are confident Black Diamond shares our vision of solidifying the region's economic well-being while creating meaningful opportunities for the local families. I am certain this partnership will be beneficial for years to come."
Headquartered in Calgary, Alberta, Black Diamond Group Limited was founded in 2003 and has three divisions - Black Diamond Camps and Logistics which has expertise in customized modular accommodations in remote areas, Black Diamond Energy Services, specializing in oilfield equipment and services for sale and rent; and BOXX Modular, leasing re-locatable offices and work spaces in urban and remote settings. Black Diamond operates throughout Central and Western Canada and regionally in the United States.
