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BRIEF-Raging River announces acquisition of Rock Energy Inc for $109 mln

Published 2016-06-01, 01:07 a/m
© Reuters.  BRIEF-Raging River announces acquisition of Rock Energy Inc for $109 mln
RRX
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June 1 (Reuters) - Raging River Exploration Inc RRX.TO
* Announces corporate acquisition of Rock Energy Inc
* Rock shareholders will receive, for each rock share held,
0.082 Raging River common shares
* Total consideration for acquisition is about $109 million
* Consideration for acquisition is comprised of issuance of
3.896 mln common shares of Raging River
* Deal includes 2,550 boe/d of production and about 25 net
sections in Kerrobert area of southwest Saskatchewan
* Deal also includes assumption of about $67 million of debt
inclusive of bank debt,working capital deficiency, expected deal
costs

Source text for Eikon: ID:nCCN4w9Kfw
Further company coverage: RRX.TO

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