VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 31, 2012) - RockBridge Resources Inc. ("RockBridge" or the "Company") (TSX VENTURE:RBE) is pleased to announce that it has now completed the sale of its interests in its Pembina Cardium properties to a Calgary oil and gas company. The sale was for cash of $625,000 subject to adjustments and was effective as of October 1, 2012.
The Company is now focussing on its existing projects and projects under consideration in its strategic alliance with Crimson Energy Ltd. With the completion of the sale, the Company is now virtually debt free, other than convertible debentures due 2014, and its improved finances will greatly facilitate seeking out new oil and gas opportunities.
ON BEHALF OF THE BOARD
ROCKBRIDGE RESOURCES INC.
Mike O'Byrne, President & CEO
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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.