09:47 AM EST - Ryland Oil Corp. : said that it has entered into an agreement with Eternal Energy Corporation, by which Ryland will acquire all of the issued and outstanding shares of common stock of Eternal for consideration of 0.352 of one Ryland share for each Eternal share. The acquisition will be completed by way of a plan of arrangement. Eternal has about 50.55 million shares outstanding on a fully diluted basis, and therefore the Eternal stockholders will receive about 17.8 million Ryland shares valued at $0.36 per share based on a 20-day volume weighted average price for Ryland's stock, for total consideration of about $6.42 million. Ryland Oil Corp.
shares V.RYD are trading up $0.045 at $0.44.
