Raging River Exploration Inc. announces the closing of acquisitions
Monday, Dec 31, 2012
Raging River Exploration Inc. (the "Company") (TSX VENTURE:RRX) is pleased to announce it has closed its previously disclosed acquisitions of two private companies, each holding certain oil and gas assets located in the Kerrobert area of Saskatchewan, for an aggregate purchase price of approximately $29.4 million, subject to post-closing adjustments. The vendors pursuant to the acquisitions are arm's length of the Company. The purchase price was comprised of approximately $7.2 million in cash and 8,375,000 common shares of the Company issued at a deemed price of $2.65 per share.

Additional corporate information can be found in our December corporate presentation on our website at www.rrexploration.com and at www.sedar.com.

Source: Marketwire

To access over 3,000 of the latest oil projects from across the world visit Projects OGP for free trial today
Find out more about North American Oil and Gas from NewsBase