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Article: Forest Gate Energy Obtains TSX-V Conditional Approval for Arizona Oil Acquisition; Don Vandergrift Appointed President and COO.
- Article from:
- Energy Weekly News
- Article date:
- October 2, 2009
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Forest Gate Energy Inc. ("Forest Gate" or the "Company") is pleased to report that it has received conditional approval from the TSX Venture Exchange to acquire a 70% equity interest in all Arizona oil and gas licenses (the "Licenses") belonging to Vanterra Energy Inc. (the "Transaction"). See news release dated September 8, 2009 for further details on The Transaction.
Concurrently with the closing of the Transaction, which should be completed on or prior to September 25, 2009, Mr. Donald B. Vandergrift will be appointed President and Chief Operating Officer of Forest Gate and will join Forest Gate's Board of Directors. Dr. Easton A. Wren, Vice President, ...