Advantage Energy Completes Strategic Asset Acquisition

Advantage Energy (TSE:AAV) has released an update.

Advantage Energy Ltd. has finalized the acquisition of Charlie Lake and Montney assets for $445 million, enhancing its position in core areas and leveraging its existing infrastructure. The deal was financed through a combination of a bought deal financing, totaling $208.76 million, and a $650 million credit facility. Subscription receipts from the financing will be converted into common shares, coinciding with the delisting of the receipts from the TSX.

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