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BRIEF-Tamarack Valley Energy Says Entered Into Agreements To Acquire Assets In Provost And Nipisi Areas Of Alberta

Published 2021-03-05, 07:38 a/m
Updated 2021-03-05, 07:42 a/m
© Reuters.

March 5 (Reuters) - Tamarack Valley Energy Ltd TVE.TO :

* TAMARACK VALLEY ENERGY LTD - ENTERED INTO AGREEMENTS TO ACQUIRE ASSETS IN PROVOST AND NIPISI AREAS OF ALBERTA

* TAMARACK VALLEY ENERGY LTD - DEAL FOR TOTAL PURCHASE PRICE OF APPROXIMATELY $135.3 MILLION

* TAMARACK VALLEY ENERGY LTD - DEALS WILL BE FUNDED THROUGH $55.0 MILLION BOUGHT DEAL EQUITY FINANCING, PROFORMA CREDIT FACILITIES

* TAMARACK VALLEY ENERGY LTD - UNDERWRITERS AGREED TO PURCHASE FOR RESALE 24.45 MILLION COMMON SHARES AT A PRICE OF $2.25 PER COMMON SHARE

* TAMARACK VALLEY ENERGY LTD SEES POST-ACQUISITION 2021 CAPITAL BUDGET $125 MILLION TO $130 MILLION

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