11:58 AM EST - Zargon Oil & Gas Ltd. : has closed its previously announced $36-million sale of 275 barrels of oil per day pertaining to all of its southwest Manitoba assets and selected properties in the Elswick area of southeast Saskatchewan. The proceeds from the transactions have been used to reduce bank indebtedness. Zargon Oil & Gas Ltd.
shares T.ZAR are trading up $0.04 at $9.00.
