Gale Force Retains Advisor to Assist With Strategic Alternatives Review; Shares Up 18%

By Staff,

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Gale Force Petroleum Inc. (GFP.V) today announced that it has engaged Cairn Merchant Partners as its financial advisor in order to assist the Company in evaluating and considering strategic alternatives with a view to enhancing shareholder value. Strategic alternatives to be considered by the Company include, but are not limited to, the sale of the Company or a business combination.

Gale Force is up 3 cents (17.65%) to 20 cents in afternoon trade. More than 305,000 shares have changed hands so far.

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This article appears in: Investing Commodities
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