TOURMALINE TO ACQUIRE CINCH ENERGY CORP.; INCREASES 2011 GUIDANCE

24/05/2011

Tourmaline Oil Corp. is pleased to announce that it has entered into an agreement with Cinch Energy Corp. (TSX: CNH) pursuant to which Tourmaline will acquire all of the issued outstanding shares of Cinch on the basis of 0.06366 of a Tourmaline common share for each Cinch comon share. The acquisition will be effected by statutory plan of arrangement.

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