2009-08-06-2008-09-01-2008-09-01

To buy co.

Canada Gas Corp., Vancouver, (Toronto Venture: CJC) plans to acquire Flying A Petroleum Ltd. (Toronto Venture: FAB) for approximately C$2 million. Canada Gas will exchange one share, valued at approximately C$0.135 each, per six Flying A shares. Flying A has approximately 88.3 million shares outstanding. Flying A had originally been approached in September 2007 by Canada Gas (formerly Wyn Developments Inc.), Bighorn Petroleum Ltd. and Tenaka Drilling Consortium Ltd. to merge into a single entity. The deal did not proceed, and Wyn sold its mineral assets and changed its name. Canada Gas reports the deal will bring enhanced liquidity for Flying A's shareholders and a better opportunity for development of the northeastern British Columbia gas interests owned by the two companies. Flying A has assets in British Columbia and interests in two wells in Bossier Parish, Louisiana. The deal is expected to close Oct. 15.