Sundance Energy Corporation has received an Offer to Purchase one of its non-core assets. The offer is subject to standard industry due diligence by the Offeror and is expected to close by the end of July, 2012. It is anticipated that net proceeds to Sundance from the sale of this asset will be approximately $1.4 million.

Sundance further announces that it has cancelled its previously announced Preferred Share financing that was planned to be completed through Beaufort International Associates Limited

Tags: Sundance Energy