King Resources, Inc. (KING) has completed merger with US-based oil and gas company Cressent Energy.

The merger negotiations between the two companies has come to a quick resolution. King Resources saw Cressent Energy's vast potential and acted on it. From this point on, the KING management looks forward to raise shareholder value and grow in its market niche.

King Resources is an independent exploration and production company engaged in the acquisition, drilling and production of oil and natural gas in the United States and overseas. KING is pleased to have a subsidiary in the same industry, and foresees these companies working seamlessly together.

In other news, a minor litigation matter that company two majority shareholders were engaged in and created an overhang for KING has now successfully finalized to a mutual satisfaction. KING management wishes Belmont Partners all the best in their future endeavours.

In addition to the Cressent Energy merger, the company is confident that a second separate merger candidate is interested in becoming a part of the KING family. The company will advise the public as the negotiations progress

Tags: Inc., King Resources