ENTREC Corporation has completed the acquisition of Highmark Crane to increase its heavy-haul and heavy-lift service portfolio.

The deal implies a value of $4.25m, which was funded through a combination of cash and equity.

"After the acquisition, HALO will hold a 49% interest in Vermeer."

HighMark offers crane lease and operator services to Canada’s energy industry.

Hague and London Oil (HALO) has entered agreements with a group of private capitalists to dispose its 51% interest in Vermeer Exploration. The deal is worth $0.5m.

Vermeer is a stakeholder of three Western Sahara licences and also owns a 44% stake in Northpet Investments.

After the acquisition, HALO will hold a 49% interest in Vermeer.