Ryland Closes Royalty Purchase
10 June 2010 - 10:02PM
Marketwired Canada
Ryland Oil Corporation (TSX VENTURE:RYD) ("Ryland") announces that it has closed
the purchase of a 1% gross overriding royalty on production from all petroleum
and natural gas leasehold acreage held by Ryland's wholly owned subsidiary,
Pebble Petroleum Inc. ("Pebble"), in southeastern Saskatchewan. In consideration
for the royalty acquisition, Ryland has paid to the owner US$ one million in
cash. The acquisition was the third purchase by Ryland of royalties on
production from Pebble's Saskatchewan acreage, with Ryland now holding an
aggregated 9% GORR on production from the acreage. The sellers have retained
GORRS totaling 3%.
Gerald J. Shields, President
Issued and Outstanding: 207,668,418
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