Business
Canadian Trading and Quotation System Inc. - New Listing - Stream Oil & Gas Ltd. (STRM)
TORONTO, April 8 /CNW/ - Pursuant to a review of a fundamental change in the business of L.G.R. R...
About this update from Storm Exploration Inc
[{"type":"text","content":"\n\n\n\nTORONTO, April 8 /CNW/ - Pursuant to a review of a fundamental change in\nthe business of L.G.R. Resources (MHPT), the common shares have re-qualified\nfor listing and will resume trading on Wednesday, April 9, 2008. L.G.R.\nResources entered into a Share Exchange Agreement with Stream Oil & Gas Ltd.\nto acquire all the issued and outstanding shares of Stream on a one for one\nbasis for a total of 33.2 million shares. Prior to the acquisition of Stream,\nL.G.R. effected the cancellation of 15 million shares and consolidated the\nremaining issued capital on a four old shares for one new share basis.\nTherefore, the company will begin trading under the name Stream Oil & Gas with\na new symbol and CUSIP. Stream has approximately 38.7 million common shares\noutstanding with a public float of approximately 12.7 million shares.\n\n\nStream Oil & Gas is primarily in the business of oil and gas development\nand production. The Company will continue to explore, develop and produce the\nresource properties and interests held by Stream, including the oil and gas\nfields in Albania consisting of Ballsh-Hekal Field, Cakran-Mollaj Field,\nGorisht-Kocul Field and Delvina Field. The Company will assess future plans\nfor L.G.R.'s Jack Property.\n\n\nListing and disclosure documents for Stream will be available in the CNQ\nListings Disclosure Hall\n\n\nTrading Date: Wednesday, April 9, 2008\n\n\nSymbol: STRM\n\n\nCUSIP: 86323Y 10 4\n\n\nApplications are being accepted for Market Makers for "STRM".\n\n\n","length":1591,"tagName":"div"}]