Raise Production Inc. announced that it has agreed to acquire 1955554 Alberta Ltd. (Business) on the terms and conditions in the agreement between the company and the business dated September 4, 2019. As part of the Acquisition, Richard McHardy and Al Stark (New Directors), the Chief Executive Officer and Chief Operating Officer of the Business, respectively, have agreed to join the board of directors of the company and to provide consulting services to the Company, which services will include, without limitation, sourcing, evaluating and negotiating strategic alternatives, including investments, partnerships, joint ventures, acquisitions, divestitures and other forms of business combinations. Mr. McHardy has been a founder of several public companies and has extensive experience in leadership positions and over 24 years' experience in all aspects of securities and mergers and acquisitions. Mr. McHardy has been instrumental in a number of significant transactions including: a founder and the President and Chief Executive Officer of Spartan Energy Corp. from December 10, 2013 to May 28, 2018. Mr. Stark was a founder and Vice President Operations of Spartan from December 10, 2013 until the sale to Vermilion Energy Inc. on May 28, 2018. He was also a founder and Vice President Operations of Spartan Oil and Spartan Exploration through to their successful sale transactions.