SHERIDAN, Wyo., Sept. 29 /PRNewswire-FirstCall/ -- Pinnacle Gas Resources, Inc. (OTCQB: PINN) announced today that it has entered into an amendment to the Agreement and Plan of Merger ("Merger Agreement") with Powder Acquisition Co. and Powder Holdings, LLC executed on February 23, 2010. The amendment will extend the Outside Date, as defined in Section 7.1(b)(i), from August 23, 2010 to October 29, 2010 and will provide additional time for the parties to satisfy the conditions to closing for the contemplated merger transaction.
Pinnacle Gas Resources, Inc. is an independent energy company engaged in the acquisition, exploration and development of domestic onshore natural gas reserves. It focuses on the development of coalbed methane (CBM) properties located in the Rocky Mountain region. Pinnacle holds CBM acreage in the Powder River Basin in northeastern Wyoming and southern Montana as well as in the Green River Basin in southern Wyoming. Pinnacle Gas Resources was founded in 2003 and is headquartered in Sheridan, Wyoming.
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