Oil & Gas Exploration & Production M&A » By The Online Investor Staff, updated Fri., Apr. 26, 9:03 AM
Recent mergers and acquisitions in the Oil & Gas Exploration & Production M&A category.
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Slide #11. Westbridge Energy Corporation — Black Pearl Holdings, LLC
Acquirer:
Westbridge Energy Corporation (WEGYF)
Acquiree:
Black Pearl Holdings, LLC
Details:
Westbridge Energy Corporation (TSX VENTURE:WEB)(PINKSHEETS:WEGYF)(FRANKFURT:PUQ1) ("Westbridge" or the "Company") is pleased to announce it has exercised its option to merge with Black Pearl Holdings, LLC ("Black Pearl" or "BPH") as announced on November 27, 2013 and has also received Exchange approval to proceed with its previously announced 4:1 share consolidation.
Westbridge Renewable Energy is engaged in acquiring and developing oil and natural gas properties. Co. is operating at a loss and continues to be dependent upon its ability to finance its operations and exploration programs through activities that may include issuances of additional debt or equity securities. Co.'s ability to continue as a going concern is dependent upon the existence of economically recoverable proven and unproven reserves, the ability to raise financing to complete the development of the properties, and upon future profitable production or, alternatively, upon Co.'s ability to dispose of its interest on an advantageous basis, all of which are uncertain.
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