Black Ridge Oil & Gas, Inc. has finalized its previously announced transaction with S-FDF, LLC related to the freeze-dried foods business. Recent developments advancing the growth of the Company include the establishment of a new management team, addition of new Board members, and the planned move of the corporate headquarters to Irving, Texas. The newly established management team comprises of Ira Goldfarb, Executive Chairman. As part of the closing, Ira and Claudia Goldfarb will join the Company's Board of Directors and the Board adds new independent director, Greg Creed. Greg Creed, an accomplished restaurant executive and seasoned board member, has been appointed to the Company's Board of Directors. Mr. Creed most recently held the position of CEO of Yum! Brands, Inc., having previously led Taco Bell as its CEO. Mr. Creed also serves on the boards of Whirlpool Corporation and Aramark Corporation. All previous members of the Company's Board will continue to serve on the Board of Directors.