RockBridge Signs Strategic Alliance Agreement With Crimson
(firmenpresse) - VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 10/10/12 -- RockBridge Resources Inc. ("RockBridge" or the "Company") (TSX VENTURE: RBE) is pleased to announce that it has signed a Strategic Alliance Agreement ("SAA") with Crimson Energy Ltd. ("Crimson"), a private oil and gas company of Calgary, Alberta. In accordance with this agreement, RockBridge and Crimson have agreed to cancel their previous agreement that contemplated their proposed merger, and instead make efforts in the near future to effect a business combination of the companies when financial markets are improved.
Under the SAA, the two companies will continue to work together on existing and new possible projects of interest including in the Violet Grove area of Alberta. Michael O'Byrne, a principal of Crimson, shall continue as President and CEO of RockBridge.
Management of RockBridge is currently putting together an update on its operations and plans, and anticipates issuing a further news release next week with that update.
The Company now anticipates that the halt in trading will be lifted by the Exchange and trading of the Company's shares will resume shortly.
About RockBridge Resources Inc.
RockBridge has 18% to 50% working interests in five and three-quarter sections in the Pembina Cardium oil and gas field in Alberta. In addition, RockBridge has a small interest in the producing Woodrush project in BC and various interests in non-operating projects in Alberta.
ON BEHALF OF THE BOARD
ROCKBRIDGE RESOURCES INC.
Mike O'Byrne, President & CEO
This news release may include statements about expected further events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. RockBridge cautions that actual performance will be affected by a number of factors, many of which are beyond its control. Future events and results may vary substantially from what RockBridge currently foresees. Discussion on the various factors that may affect future results is contained in RockBridge's recent filings, available on SEDAR.
Neither the TSX Venture Exchange Inc. nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange Inc.) accepts responsibility for the adequacy or accuracy of this news release.
Contacts:
RockBridge Resources Inc.
604-687-4719
CHF Investor Relations
Jeremy Hill
Associate Account Manager
416-868-1079 x 238
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Unternehmensinformation / Kurzprofil:
Datum: 10.10.2012 - 12:00 Uhr
Sprache: Deutsch
News-ID 191096
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contact information:
Town:
VANCOUVER, BRITISH COLUMBIA
Kategorie:
Oil & Gas
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