Logan Energy Completes Acquisition and Equity Financing

Logan Energy Corp (TSE:LGN) has released an update.

Logan Energy Corp. has successfully completed its acquisition of significant Montney assets in Alberta, valued at $52 million, and closed an upsized equity financing deal raising approximately $45 million. The funds from this equity offering were used to repay debt incurred for the asset purchase, showcasing the company’s strategic financial management. Logan Energy’s latest moves solidify its position in the Montney region, enhancing its exploration and production capabilities.

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