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8 months ago
BRIEF-Prairiesky reports royalty acquisition and concurrent bought deal equity financing
December 14, 2016 / 10:38 PM / 8 months ago

BRIEF-Prairiesky reports royalty acquisition and concurrent bought deal equity financing

Dec 14 (Reuters) - Prairiesky Royalty Ltd :

* Prairiesky Royalty Ltd - deal for total cash consideration of $250 million

* Prairiesky Royalty Ltd - board of directors of Prairiesky has unanimously approved transaction

* Prairiesky Royalty Ltd - transaction increases Prairiesky's oil production and liquids weighting adding over 600 barrels per day of crude oil

* Prairiesky Royalty Ltd - concurrent with transaction, prairiesky has entered into a $251 million bought deal equity financing

* Prairiesky announces royalty acquisition and concurrent bought deal equity financing Source text for Eikon: Further company coverage:

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