NuLoch Resources Closes Acquisition
CALGARY, ALBERTA--(Marketwire - Aug. 14, 2009) - NuLoch Resources Inc. (TSX VENTURE:NLR.A) (TSX VENTURE:NLR.B) announces the successful completion of the acquisition by NuLoch of all of the issued and outstanding shares of Wilderness Energy Corp., a widely-held, Alberta-based, private, oil and gas company. The acquisition was made pursuant to a Plan of Arrangement under the Business Corporations Act (Alberta) (the "ABCA") as previously announced by NuLoch on July 2, 2009.
Under the terms of the Arrangement, holders of shares of Wilderness received 0.20802 of a NuLoch Class A common share in exchange for each Wilderness share. An aggregate of 8,250,104 NuLoch Class A common shares were issued to the holders of Wilderness shares.
NuLoch and Wilderness have been amalgamated pursuant to the ABCA and continue under the corporate name of "NuLoch Resources Inc.". After giving effect to the Arrangement, NuLoch has approximately 40.4 million Class A common shares outstanding.
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