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
) 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
Copyright (C) 2013 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.