BRIEF-Advantage Announces Strategic Asset Acquisition And Concurrent Financing-March 2024-www.financetom.com

BRIEF-Advantage Announces Strategic Asset Acquisition And Concurrent Financing

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BRIEF-Advantage Announces Strategic Asset Acquisition And Concurrent Financing

Jun 10, 2024 2:21 PM

Advantage Energy Ltd ( AAVVF ):

* ADVANTAGE ANNOUNCES STRATEGIC ASSET ACQUISITION AND

CONCURRENT

FINANCING

* ADVANTAGE ENERGY LTD ( AAVVF ) - PROPOSED DEAL FOR $450 MILLION

* ADVANTAGE ENERGY LTD ( AAVVF ) - ENTERED DEFINITIVE ASSET PURCHASE

AGREEMENT TO ACQUIRE CHARLIE LAKE AND MONTNEY ASSETS FROM A

PRIVATE SELLER FOR $450 MILLION

* ADVANTAGE ENERGY LTD ( AAVVF ) - ACQUISITION WILL BE FUNDED THROUGH

COMBINATION OF COMMON EQUITY, CONVERTIBLE DEBENTURES AND AN

UPSIZED CREDIT FACILITY

* ADVANTAGE ENERGY LTD ( AAVVF ) - ADVANTAGE EXPECTS ANNUAL PRODUCTION

GROW BY ROUGHLY 20% IN 2024 AND 14% IN 2025

* ADVANTAGE ENERGY LTD ( AAVVF ) - PLANS TO HOLD PRODUCTION FROM

ACQUIRED

CHARLIE LAKE ASSETS AT CURRENT LEVELS FOR FORESEEABLE FUTURE

Source text for Eikon:

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