Voyager Oil & Gas, Inc. reports the closing of the previously announced acquisition of Emerald Oil, Inc. and an increase in its credit facility with Macquarie Bank Ltd..

Voyager completed the acquisition of Emerald Oil, a wholly owned subsidiary of Emerald Oil & Gas NL (ASX: EMR), on July 26, 2012. Voyager issued 19.9% of Voyager common stock (11.6 million unregistered shares) to Emerald Australia.

Additionally, as part of this transaction, Emerald Oil will retain $20.2 million in obligations, consisting of $17.7 million of subsidiary level indebtedness and $2.5 million of payables to Emerald Australia.

Tags: Voyager Oil and Gas