Ryland Oil Corporation
TSX VENTURE : RYD

Ryland Oil Corporation

April 21, 2009 08:00 ET

Ryland Oil Announces Engagement of GMP Securities as Financial Advisor

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 21, 2009) - Ryland Oil Corporation (TSX VENTURE:RYD) announces that it has engaged GMP Securities LP as a financial advisor and agent to assist the Company in reviewing and assessing corporate strategies, which may include a sale or merger of the Company, an asset sale, or a teaming agreement with one or more industry partners. Ryland has agreed to pay GMP a success fee on the closing of any transaction, calculated as a percentage of the transaction's value.

RYLAND OIL CORPORATION

Gerald J. Shields, President

Issued and Outstanding: 193,576,106

The TSX Venture Exchange has not reviewed and does not accept any responsibility for the adequacy or accuracy of this news release, and no regulatory authority has approved or disapproved the information contained herein.

Contact Information

  • Ryland Oil Corporation
    Jim Welykochy
    Vice President Corporate Development
    (403) 861-1242
    www.rylandoil.com