June 27 (Reuters) - Pine Cliff Energy Ltd PNE.TO
* Pine Cliff Energy Ltd. announces $25 million disposition
of royalty assets
* Says disposition will have an effective date of June 1,
2016 and is expected to close on or around June 30, 2016
* Proceeds from disposition will be used to pay down bank
indebtedness resulting in permanent reduction to co's borrowing
facility
* Continues to work with its banking syndicate of Canadian
financial institutions on its borrowing base redetermination
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