Raging River Exploration Inc. (RRX.V)announced today that its
Plan of Arrangement involving Raging River, Wild Stream Exploration
Inc. and Crescent Point Energy Corp closed on March 15, 2012. Under
the terms of the Arrangement, Crescent Point has acquired the
issued and outstanding common shares of Wild Stream. In return,
Wild Stream shareholders received, for each Wild Stream Share held,
consideration consisting of: (i) 0.17 of a common share of Crescent
) 1 common share of Raging River; and (
) 0.2 of a Raging River warrant, each whole warrant entitling the
holder to purchase one Raging River Share at an exercise price of
$1.61 per share until 4:30 p.m. (Calgary time) on April 16,
The management team of Raging River will be led by Neil Roszell,
as the President and Chief Executive Officer, Jerry Sapieha as Vice
President, Finance and Chief Financial Officer, Bruce Robertson as
Executive Vice President, Dave Burton as Vice President,
Engineering, Jason Jaskela as Vice President Operations and Bruce
Beynon as Vice President, Exploration.
Raging River will continue with Wild Stream's approach to growth
by acquiring, exploiting and exploring for light oil reserves in
Western Canada, currently in the Dodsland area of southwest
Close to 18 million shares have been traded.
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