PFM has been carefully managing and adapting to the outbreak of coronavirus (COVID-19). We are currently working to ensure the health of our people, our clients and our larger community. This includes policies on meetings, events and travel that evolve as circumstances change.
Following provincial guidelines, as of March 23, 2020, our office will be officially closed, with all employees working remotely. At this time, we do not expect any interruption of regular work for our office. Most tasks can be done remotely and our level of service should not decline. Please continue to remit payments and/or submit invoices in the usual manner.
The office will reopen when deemed safe to do so by the provincial government and health authorities. In the interim, if you need to get in contact, please call the office at 306-791-4855.
PFM Capital Recent Investment – Matrrix Energy
January 12th, 2018
Matrrix Energy Technologies Inc. – $4.5 million – New Investment
Matrrix Energy Technologies Inc. (“Matrrix”) is a publicly traded drilling company that operates a contract drilling and directional drilling business. The Company is being used as a consolidation vehicle for drilling rigs and recently acquired the assets of Vortex Drilling and Stampede Drilling.
In November, the Company conducted a $20 million private placement in which PFM participated. The raise was used to finance the aforementioned acquisitions, working capital, and future capital expenses. Matrrix is backed by a management team and board that has a history of creating shareholder value and we believe they are well positioned to repeat their success.
Through its affiliation with the fund managers PFM Fund Operations, PFM Venture Capital, Prairie Ventures GP, TopSoil Farm Land Management, and TopSoil Farm Land Management (II), and doing business as PFM Capital ("PFM Capital" or "PFM"), PFM is a leading private equity investment firm in Saskatchewan. Founded in 1989 as a corporate finance company, PFM has been managing private equity and venture capital funds since 1993. This website does not represent an offering of securities. The information disclosed is incomplete and can be qualified in its entirety by each fund's most recent offering document or limited partnership agreement, obtainable free of charge by contacting PFM Capital Inc. The securities described herein are only available to eligible investors in Canada in accordance with applicable securities laws.