03:29 PM EST - Gale Force Petroleum Inc. : announced that it has signed an agreement to amend the deal closed in trust with Buccaneer Energy Corporation, that was announced on February 10. Under new agreement, the deal will be structured as an asset purchase instead of a shares purchase. The Corporation will purchase substantially all the assets of Buccaneer for a purchase price of; 6,223,032 common shares of the Corporation issued at $0.25 per share for a total value of $1.56 million, 892,212 preferred shares convertible into up to 892,212 common shares of the Corporation with a total value of $223,053 and, the assumption of $1.29 million in total liabilities. Gale Force Petroleum Inc.
shares V.GFP are trading down $0.03 at $0.32.
