Newswires
United Reef and General Gas Sign Extension
United Reef Limited (TSX VENTURE: URP)(CNQ: URPL) announced today that it has entered into an agreement with General Gas Corporation ('General Gas') amending the dates on which United Reef may elect to exercise its option to increase its ownership in General Reef Corporation ('General Reef') (formerly 1270194 Alberta Ltd.), a private oil and gas exploration company. United Reef and General Gas are the shareholders of General Reef which was formed as part of an alliance between the companies established in November 2006 (see press release dated November 16, 2006). The revised schedule of dates on which United Reef may exercise its right to acquire additional shares of General Reef is set out below.
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