12:18 PM EST - Ivory Energy Inc. : announced Tuesday that it has entered into agreements to purchase all of the issued and outstanding shares of 101091129 Saskatchewan Ltd. and Zenith Petroleum Corp. Pursuant to the terms of these agreements, the gross purchase price is $25.1 million for both companies. The consideration will include a combination of common shares and units valued at $0.75 and cash. Ivory Energy Inc.
shares V.IV are trading unchanged at $0.80.
