April 17 (Reuters) - Pine Cliff Energy Ltd PNE.TO :
* ANNOUNCES STRATEGIC ACQUISITION, CDE FLOW-THROUGH AND COMMON SHARE FINANCINGS AND INCREASED 2019 CAPITAL SPENDING AND PRODUCTION GUIDANCE
* DEAL FOR NET CASH CONSIDERATION OF $8.6 MILLION, AFTER ESTIMATED CLOSING ADJUSTMENTS
* BOARD OF DIRECTORS HAS APPROVED AN INCREASE OF $1.1 MILLION IN PINE CLIFF 2019 CAPITAL BUDGET TO $11.1 MILLION
* PINE CLIFF ENERGY - BUDGETING 2019 ANNUAL PRODUCTION VOLUMES TO INCREASE TO A RANGE OF 19,250 TO 19,750 BOE PER DAY, WEIGHTED 92% TO NATURAL GAS
* ACQUISITION IS EXPECTED TO BE FUNDED WITH WORKING CAPITAL
* AGREEMENT TO ACQUIRE OIL AND NATURAL GAS ASSETS IN GHOST PINE AREA OF CENTRAL ALBERTA