CALGARY, Oct. 13 /CNW/ - As a result of the closing of the previously announced acquisition by Base Oil & Gas Ltd. (formerly Torrential Energy Ltd.) (the "Corporation") of certain oil and gas assets in the Coutts area of Alberta from Base Acquisitions Inc. ("Base"), Base acquired 1,220,548 common shares ("Common Shares") of the Corporation, representing approximately 10.01% of the outstanding Common Shares.
Base intends that the Common Shares will be held for investment purposes. Base may increase or decrease beneficial ownership or control depending on market or other conditions.
In connection with this news release an early warning report will be filed by Base in accordance with applicable securities laws.
SOURCE BASE ACQUISITIONS INC.
For further information: For further information: To obtain a copy of the early warning reports please contact: Dennis Feuchuk, Base Acquisitions Inc., 2200 , 777 - 8th Avenue SW, Calgary, Alberta, T2P 3R5, Telephone: (403) 384-0000, Fax: (403) 384-0002