Friday, April 2, 2010

Black Marlin Energy Holdings Limited announced completion of acquisition of Black Marlin Energy Limited

Black Marlin Energy Holdings Limited, formerly known as Kristina Capital Corp., has completed on March 18, 2010 its previously announced acquisition of all of the issued and outstanding securities of the British Virgin Islands company Black Marlin Energy Limited. Pursuant to the transaction, a wholly owned subsidiary of the corporation, incorporated in the British Virgin Islands and established solely for the purposes of participating in the transaction, merged with Black Marlin Energy Limited, all of the outstanding common shares of the company being exchanged for common shares in the capital of the corporation on a one for one basis at the price of $0.50 per share, Black Marlin Energy Limited becoming the wholly owned subsidiary of the corporation.

Prior to the transaction, the corporation received shareholder approval to consolidate the common shares of the corporation on a two for one basis, to remove from Alberta to the British Virgin Islands, and to change the name to Black Marlin Energy Holdings Limited.

A total of 134,252,458 BMEL's shares were issued and outstanding immediately prior to the completion of the transaction, which shares were exchanged for 134,252,458 common shares pursuant to the transaction, BMEL becoming the wholly-owned subsidiary of the corporation. Following the completion of the Private Placement and the Transaction, a total amount of 202,494,458 common shares are issued and outstanding.