03:52 PM EST - Crescent Point Energy Corp. : said that it has completed the acquisition of TriAxon Resources Ltd. by plan of arrangement. With completion of the plan, Crescent Point consolidates its working interest in the Flat Lake Bakken play in southeast Saskatchewan and increases its strategic undeveloped land position in the emerging Viking light oil resource play in west central Saskatchewan. Last month, Crescent Point Energy agreed to acquire all of the issued and outstanding shares of TriAxon for consideration of 0.18 of a Crescent Point share for each TriAxon share plus the assumption of about $17.3 million of TriAxon net debt. Crescent Point Energy Corp.
shares T.CPG are trading up $0.46 at $39.35.
