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Northern Spirit Resources, Cascade Resources In Reverse Takeover Move

Northern Spirit Resources Inc. (NS.V), which has been trading near a year low 7.5 cents, announced that it has entered into a formal, definitive agreement to acquire all of the issued and outstanding common shares of Cascade Resources Inc., a private Alberta company actively engaged in oil and gas development and exploration activities in east central Alberta and west central Saskatchewan. The Amalgamation Agreement is dated as of September 16, 2011. The acquisition is expected to constitute a reverse takeover of Northern Spirit by Cascade as defined in the policies of the TSX Venture Exchange Inc. and the acquisition and all related transactions remain subject to the approval of the TSXV. Northern Spirit is an early stage Canadian oil and gas exploration and production company, with lands and assets in Alberta and British Columbia.

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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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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