01:44 PM EST, 11/05/2025 (MT Newswires) -- Pine Cliff Energy ( PIFYF ) on Wednesday said it entered into a definitive agreement to sell unspecified assets in the Alberta area for gross proceeds of $15 million before closing adjustments.

A statement noted that production from these assets averaged approximately 485 barrels of oil equivalent per day in the nine months ended Sept. 30.

The transaction is expected to close in the fourth quarter of 2025.

The company's shares were last seen up $0.05 to $0.78 on the Toronto Stock Exchange.

Price: 0.78, Change: +0.05, Percent Change: +6.85