Fortem Resources Inc. (OTCPK:FTMR) acquired Black Dragon, LLC from Pacific Petroleum, LLC and Blue Phoenix Energy, LLC for $39.2 million on April 12, 2017. Fortem Resources Inc. issued 20 million of its common stock, with 10 million shares issued to Blue Phoenix and 10 million issued to Pacific Petroleum, and paid a non refundable deposit of $0.1 million prior to closing. The transaction is subject to approval of Pacific Petroleum, LLC and Blue Phoenix Energy, LLC members, Fortem members and Board. Clark Wilson LLP acted as legal advisor to the transaction. Fortem Resources Inc. (OTCPK:FTMR) completed the acquisition of Black Dragon, LLC from Pacific Petroleum, LLC and Blue Phoenix Energy, LLC on April 12, 2017.