• 
• See all for Midnight Trader
• View Print Version

• Real Time Analyst Upgrades/Downgrades
• Real Time Stock News & Trading Ideas
• Free Earnings Calendar

• B 0% Rate It
• C 73% Rate It

Raging River Exploration Inc. (RRX.V) is now down 4 cents at $2.50 and has touched a day low $2.43 - close to an existing year low of $2.39 - with around 2.5 million 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.

Related Commodities Articles

• 
  Drop Daily Range is Large but End of Day Little Changed
  5/22/2013 06:09 PM
• 
  What's in Store for Barrick Gold?
  5/22/2013 05:03 PM
• 
  Market Wrap for Wednesday, May 22: Stocks Pullback As Bernanke Says Bond Buying Could Slow
  5/22/2013 04:19 PM