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RUBELLITE ENERGY INC. ANNOUNCES STRATEGIC CLEARWATER ACQUISITION; CREDIT FACILITY EXPANSION; OPERATIONS UPDATE AND REVISED GUIDANCE FOR 2023

Newswire.ca - Thu Oct 19, 2023

CALGARY, AB, Oct. 19, 2023 /CNW/ -ย (TSX: RBY) โ€“ย Rubellite Energy Inc. ("Rubellite", or the "Company"), a pure play Clearwater oil exploration and development company, is pleased to announce that it has entered into a definitive purchase and sale agreement to acquire additional Clearwater assets within the Figure Lake and Edwand areas as well as undeveloped land in the Nixon area of northeast Alberta (the "Acquisition").

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