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| Home : Black Pearl Holdings, LLC Grants Westbridge Option to Merge |
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Nov 27
2013 |
Black Pearl Holdings, LLC Grants Westbridge Option to Merge |
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VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov. 27, 2013) - Westbridge Energy Corporation (TSX VENTURE:WEB)(PINKSHEETS:WEGYF)(FRANKFURT:PUQ1) ("WEB" or the "Company" or "Westbridge") is pleased to announce it has entered into an option agreement (the "Option Agreement") with Black Pearl Holdings, LLC ("BPH") whereby BPH has granted WEB the exclusive option to acquire 100% of the assets or shares of BPH in exchange for WEB issuing 100% of its current issued and outstanding shares to BPH or its shareholders (the "Proposed Merger"). This option has been granted for a period of 180 days, commencing on and subject to the closing of the private placement announced on November 5, 2013 (the "Private Placement"). The Option Agreement allows WEB to move forward with closing the Private Placement in order to launch its initial work programs to secure production in the near term. |
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| Source:http://www.marketwired.com/mw/release.do?id=1856964&sourceType=3 |
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