Pilgrim Petroleum Corp. (PGPM)

[deafchild]

Actually this sounds more like another company that is currently on the OTCBB purchased PGPM or all of there leases.

an independent oil and gas company, is pleased to announce that it has entered into a agreement with an OTCBB fully reporting public company for the acquisition of Pilgrim's leasehold portfolio. Due diligence of the transaction has finalized and the companies have achieved a successful negotiation of a material definitive acquisition agreement executed today.