Ripper Oil and Gas Inc.

About this update from Nevada King Gold Corp

[{"type":"text","content":"\n\n\n\nTSX VENTURE STOCK SYMBOL: RIP\n\n\nCALGARY, Jan. 3 /CNW/ - RIPPER OIL AND GAS INC. ("RIP") announces that it\nhas executed an Agreement of Purchase and Sale, dated December 18, 2007 and\neffective December 1, 2007, to acquire various interests in properties in core\nareas where the corporation or its wholly owned subsidiary holds pre-existing\ninterests. This acquisition was made in exchange for 350,000 common Ripper\nshares at a deemed price of $0.305 per share and $130,000 cash, subject to a\nfour month hold period, and is an arm's length transaction.\n\n\nThe completion of the transaction is subject to regulatory approval.\n\n\nRipper Oil and Gas Inc. ("RIP") is a publicly traded company on The TSX\nVenture Exchange.\n\n\nThe TSX Venture Exchange has in no way passed on the merits of the\n\n\nproposed transaction and has neither approved nor disapproved of the\n\n\ninformation contained herein.\n\n\n%SEDAR: 00015775E\n\n\n","length":1031,"tagName":"div"}]

More updates from Nevada King Gold Corp