Kallisto Energy Signs Agreement to Acquire Cumberland Oil & Gas

- August 15th, 2012

Kallisto Energy Corp. (TSXV:KEC) has signed an agreement to acquire Cumberland Oil & Gas Ltd. (TSXV:COG).

Kallisto Energy Corp. (TSXV:KEC) has signed an agreement to acquire Cumberland Oil & Gas Ltd. (TSXV:COG).

As quoted in the press release:

At closing of the Transaction, Kallisto will have approximately 93.6 million Kallisto Shares outstanding with Kallisto shareholders owning approximately 65% and Cumberland shareholders owning approximately 35% of the pro forma Company.

Click here to read the Kallisto Energy Corp. (TSXV:KEC) press release.

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