Cannon Oil and Gas completes its C$30 million sale to G2 Resources Inc.

Date Closed: 1/26/2007

Value: C$30 million

On January 26, 2007, G2 Resources Inc. completed the acquisition of Cannon Oil and Gas Ltd., a TSXV listed oil and gas exploration and development company, by way of a take-over bid for a purchase price of approximately $30 million.

Cannon was represented by BLG with a team that included Don Edwards, Anthony Rasoulis, Melissa Smith and Matt Webster.