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Vermilion Energy to acquire Southeast Saskatchewan assets


Published Mar 20, 2014
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Vermilion Energy Inc.

Vermilion Energy Inc. has entered into an arrangement agreement (the "Arrangement") with a private southeast Saskatchewan producer (Privateco) for total consideration of $400 million, comprised of cash and share consideration of $345 million (the "Purchase Price") plus the assumption of $55 million in debt.

Under the terms of the Arrangement, Vermilion has agreed to acquire (the "Acquisition") all of the issued and outstanding common shares (Privateco Shares) in the capital of Privateco, including all Privateco Shares issuable, in accordance with the terms of existing grants of options or warrants, prior to the effective time of the Arrangement.

Tags: Vermilion Energy Inc.




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