09:37 AM EST - Midway Energy Ltd. : said it has entered into an agreement to acquire all of the issued and outstanding shares of a private company for $22.5 million, subject to adjustment, payable in cash. At closing, TargetCo said it will hold certain oil and natural gas assets of a private oil and gas company with an effective date of July 1, 2009. The assets are located in the Garrington area of Alberta. Completion of the acquisition is subject to customary regulatory approvals and other condition, the company said. Midway Energy Ltd.
shares T.MEL are trading even at $1.38.
