UPDATE: New Listing Raging River Down Slightly Late Morning


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Raging River Exploration Inc. (RRX.V)is down 3 cents late morning, with more than 725,000 shares changing hands.

Last Friday, the company 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 Point; ( B ) 1 common share of Raging River; and ( C ) 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, 2012.

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 Saskatchewan.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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