03:44 PM EST - Border Petroleum Inc. : announced that it has entered into a letter of intent to acquire Daredevil Energy Ltd. Daredevil is a private company whose assets are primarily located in the Wetaskiwin/Leduc region in central Alberta. Border will acquire all of the issued and outstanding common shares of Daredevil in exchange for up to 50 million common shares in the capital of Border. After completion of the acquisition, the Board of Border will consist of six directors, including four existing Directors of Border, as well as two nominees of Daredevil. Border Petroleum Inc.
shares V.BOP.H are trading even at $0.06.
