11:53 AM EST - Forest Gate Energy Inc. : said it signed an agreement with Vanterra Energy LLC of Denver Colorado, whereby Vanterra would return to Forest Gate 3.59 million Forest Gate common shares, 4.34 million subscription receipts and 7.55 million common share purchase warrants of Forest Gate in exchange for the 70% interest in certain oil and gas leases vended-in to the company in late 2009 and in January of this year. Vanterra is a private company owned by Donald Vandergrift, the former President of Forest Gate Energy. Forest Gate Energy Inc.
shares V.FGE are trading up $0.005 at $0.10.
