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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Ryland Oil Corp | TSXV:RYD | TSX Venture | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
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0.00 | 0.00% | 0 | - |
The Company also announces that it has received approval from the TSX Venture Exchange respecting the agreement with Fairway Exploration LLC ("Fairway") previously announced on November 26, 2009, pursuant to which Fairway has agreed to sell to Ryland a 3% overriding royalty which is held over production from all southeast Saskatchewan properties held by the Company's wholly owned subsidiary, Pebble Petroleum Inc. In return for the 3% royalty, the Company has agreed to pay Fairway a cash payment of US$1,200,000 and issue 1,200,000 common shares at a deemed price of CDN $0.36. The closing of the sale is pending.
Gerald J. Shields, President
Issued and Outstanding: 193,576,106
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts: Ryland Oil Corporation Mr. Jim Welykochy Vice-President Corporate Development 403.861.1242 www.rylandoil.com
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