Raging River Exploration Inc. (TSXV: RRX) closed its previously disclosed acquisitions of two private companies, each holding certain oil and gas assets located in the Kerrobert area of Saskatchewan, for an aggregate purchase price of approximately $29.4 million, subject to post-closing adjustments.

The purchase price was comprised of approximately $7.2 million in cash and 8,375,000 common shares of the company issued at a deemed price of $2.65 per share.

The vendors pursuant to the acquisitions are arm's length of the company.

Raging River Exploration Inc. is a junior oil and gas producer based in Calgary.