International Petroleum Corp. and BlackPearl Resources Inc. Announce Closing of Strategic Business Combination and Appointment of Director

Dec 14, 2018

TORONTO, Dec. 14, 2018 (GLOBE NEWSWIRE) -- International Petroleum Corp. ("IPC") (TSX, Nasdaq Stockholm: IPCO) and BlackPearl Resources Inc. ("BlackPearl") (TSX: PXX, Nasdaq Stockholm: PXXS) are pleased to announce the closing today of the strategic business combination of IPC and BlackPearl by way of the previously announced plan of arrangement (the "Arrangement"). In connection with closing of the Arrangement, IPC is also pleased to announce the appointment of John Festival to the IPC Board of Directors, which is now comprised of eight members.

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