Pine Cliff Energy Ltd. has entered into a purchase and sale agreement with a senior oil and gas producer (the "Vendor") to acquire certain shallow natural gas assets in Alberta and Southern Saskatchewan for cash consideration of $100 million, prior to any adjustments (the "Acquisition").

The Acquisition is currently expected to close on or around October 1, 2014 (the "Closing Date") as opposed to the previously announced expected closing date of November 1, 2014.

Tags: Pine Cliff Energy Ltd.