03:43 PM EST - PetroBakken Energy Ltd. : said that it has closed acquisition of Result Energy for total consideration of approximately $438 million, inclusive of Result's positive working capital. The company revealed the Result acquisition was completed by way of plan of arrangement with 99.43% of Result shares voted approving the acquisition. Result shareholders received $200 million in cash and 11.2 million PetroBakken shares. It is expected that the shares of Result will be de-listed from the TSX Venture Exchange at the close of business on April 6. PetroBakken Energy Ltd.
shares T.PBN are trading up $2.53 at $29.05.
