RockBridge Enters into LOI With Crimson Energy Ltd

RockBridge Resources Inc. (TSXV:RBE) has entered into a letter of intent to merger with Crimson Energy Ltd.

As quoted in the press release:

All of the issued and outstanding shares of Crimson will be acquired in the combination on the basis of 16 common shares of RockBridge, at a deemed price of $0.05 each, for each common share of Crimson.

Click here to read the RockBridge Resources Inc. (TSXV:RBE) press release.