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Rift Basin Stock to Resume Trading Following Tunisian Acquisition

Rift Basin Resources Corp. (RIF.V) announced that the company has cleared the required preliminary documents with the TSX Venture Exchange in connection with its definitive farmin agreement for the Chorbane exploration permit.

The TSX-V has confirmed that the company's trading halt will be lifted. The company expects trading to resume at market open on Thursday, January 10.

The acquisition is the company's first acquisition of an oil and gas asset. The transaction is defined as a "Fundamental Acquisition" and remains subject to a number of conditions, including but not limited to final TSX-V approval.

The Chorbane exploration permit is located onshore central Tunisia near the port city of Sfax, and is surrounded by several producing oil and gas fields and extensive infrastructure.

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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