|
|
Article: PetroBakken Completes Plan of Arrangement With TriStar.
- Article from:
- Marketwire Canada
- Article date:
- October 1, 2009
CopyrightCOPYRIGHT 2009 Canadian Corporate News. News Provided by Comtex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
CALGARY, ALBERTA, Oct 1, 2009 (Marketwire via COMTEX) -- PetroBakken Energy Ltd. ("PetroBakken" or the "Company") (TSX:PBN), Petrobank Energy and Resources Ltd. ("Petrobank") (TSX:PBG), and TriStar Oil & Gas Ltd. ("TriStar") (TSX:TOG) are pleased to announce the closing of the plan of arrangement ("Arrangement") whereby the companies have completed a strategic combination of TriStar and Petrobank's Canadian Business Unit (the "Transaction"). The combination has resulted in PetroBakken, a new publicly listed company, that is a premier, Bakken-focused, light oil exploration and production company. It is anticipated that the PetroBakken shares will commence trading on the ...