Woodbridge Ventures announces acquisition of Greenflame and prepares entry into oil sector

Woodbridge Ventures II Inc. has signed a definitive merger agreement with Greenflame Resources Inc., marking a major step in the company’s transformation into an operating entity within the oil sector. The operation, which constitutes Woodbridge’s qualifying transaction under Policy 2.4 of the TSX Venture Exchange, provides for the acquisition of 100% of Greenflame’s common shares through a merger with a wholly owned Woodbridge subsidiary.