Ryland Closes Royalty Purchase
June 10 2010 - 7:00AM
Marketwired
Ryland Oil Corporation (TSX VENTURE: RYD) ("Ryland") announces that
it has closed the purchase of a 1% gross overriding royalty on
production from all petroleum and natural gas leasehold acreage
held by Ryland's wholly owned subsidiary, Pebble Petroleum Inc.
("Pebble"), in southeastern Saskatchewan. In consideration for the
royalty acquisition, Ryland has paid to the owner US$ one million
in cash. The acquisition was the third purchase by Ryland of
royalties on production from Pebble's Saskatchewan acreage, with
Ryland now holding an aggregated 9% GORR on production from the
acreage. The sellers have retained GORRS totaling 3%.
Gerald J. Shields, President
Issued and Outstanding: 207,668,418
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: Ryland Oil Corporation Mr. Jim Welykochy
Vice-President Corporate Development (403) 861-1242
www.rylandoil.com
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