2009-08-06-2008-09-01-2008-09-01
To buy Woodnorth property.
Privately owned, Canada-based Kripa Energy Inc. plans to acquire the Woodnorth property in Manitoba from Gale Force Petroleum Inc., Montreal, (Toronto Venture: GFP) for an undisclosed price. Kripa has made a C$300,000 advance payment, and the fill price will be announced at closing. Gale Force president and chief executive Michale McLellan says, "The sale of our Manitoban properties, if consummated, will strengthen our balance sheet and focus the corporation on the development of larger properties with greater long-term growth prospects."