Second Wave Petroleum Inc. (SCS.V), as successor to Second Wave Petroleum Ltd. announced that the offer of Second Wave and its wholly owned subsidiary Second Wave Holdings Ltd. to acquire all of the issued and outstanding common shares of Milagro Energy Inc. has been extended until to August 28, 2008.
In the last extension which expired on July 30, 2008, 956,365 Milagro Shares were tendered and Second Wave has taken-up and paid for those shares resulting in Second Wave holding approximately 88.90% of the issued and outstanding Milagro Shares.
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