Ryland Oil Closes Royalty Purchase From Fairway Exploration LLC
2010年5月13日 - 9:00PM
Marketwired
Ryland Oil Corporation ("Ryland") (TSX VENTURE: RYD) announces that
it has closed the purchase of a 3% gross overriding royalty from
Fairway Exploration LLC ("Fairway") on production from all
petroleum and natural gas leasehold acreage held by Ryland's wholly
owned subsidiary, Pebble Petroleum Inc. ("Pebble"), in southeastern
Saskatchewan. In consideration for the royalty acquisition, Ryland
has paid Fairway US$1.2 million in cash and has issued to Fairway
1,200,000 Ryland common shares. The shares issued to Fairway are
subject to a four month hold period. This royalty acquisition has
been approved by the TSX Venture Exchange.
Gerald J. Shields, President
Issued and Outstanding: 201,673,418
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: Ryland Oil Corporation Mr. Jim Welykochy
Vice-President Corporate Development 403.861.1242
Ryland Oil Corp (TSXV:RYD)
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