CALGARY, ALBERTA--(Marketwire - Dec 28, 2012) - Raging River Exploration Inc. (the "Company") (TSX VENTURE:RRX) is pleased to announce it has closed its previously disclosed acquisitions of two private companies, each holding certain oil and gas assets located in the Kerrobert area of Saskatchewan, for an aggregate purchase price of approximately $29.4 million, subject to post-closing adjustments. The vendors pursuant to the acquisitions are arm''s length of the Company. The purchase price was comprised of approximately $7.2 million in cash and 8,375,000 common shares of the Company issued at a deemed price of $2.65 per share.
- Investment & Company Information
Mr. Neil Roszell
President and CEO
Raging River Exploration Inc.
Mr. Jerry Sapieha, CA
Vice President, Finance and CFO