PR Newswire
CALGARY, AB, Oct. 31, 2024 /CNW/ - Rubellite Energy Inc. (TSX: RBY) ("Rubellite") and Perpetual Energy Inc. (TSX:PMT) ("Perpetual") are pleased to jointly announce that today they have completed their previously announced strategic recombination transaction (the "Recombination") creating "Rubellite Energy Corp.". With increased size, scale, greater financial liquidity, enhanced flexibility and operations carried on by its subsidiaries, Rubellite Energy Corp. will be well positioned to execute on the development of its high-quality drilling inventory with significant optionality to realize the value of the combined assets through its growth-focused business plan.
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