One-Page Deal Sheet
Enerplus Liquidates Interest in Lacirina Energy
Not Disclosed Enerplus Corp
Announced Date
August 20,2012
Close Date
August 20,2012
Transaction Type
Property
Enterprise Value (EV)($MM)
141
Asset/Basin:
{"Alberta Oil Sands"}
Transaction Details: Subscribe to see
Enerplus Corporation has entered into an agreement to sell all of our shares in Laricina Energy Ltd. for net after tax proceeds of approximately $141 million. Laricina is a private Canadian company focused on in situ oil sands development. Proceeds from the sale will be used to repay outstanding bank indebtedness.
Gordon Kerr, President and CEO said, "This is an important step in our plans to monetize non-core assets within our portfolio to fund the growth opportunities we have captured and preserve our balance sheet flexibility."
BMO Capital Markets acted as agent for Enerplus in the sale…
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