MARKETS

Grand Gulf backs Whitebark

WHITEBARK Energy has begun the next phase of its Wizard Lake development in Canada after raising $1.95 million from minnow Grand Gulf Energy via subscription agreement for 390 million shares at 0.5c per share.

Wizard Lake

Wizard Lake

The shares will be distributed to Grand Gulf shareholders via an in specie distribution of one Whitebark share for each Grand Gulf share held.    "Grand Gulf shares our enthusiasm for our oil development...

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