One-Page Deal Sheet
NiMin Energy Sells California Assets
Legacy Oil + Gas- Canada. Nimin Energy Corp
Announced Date
April 27,2012
Effective Date
April 01,2012
Close Date
June 29,2012
Transaction Type
Property
Enterprise Value (EV)($MM)
27
Asset/Basin:
{"San Joaquin Basin"}
Location
Country
United States
State
California
Transaction Details: Subscribe to see
NiMin Energy Corp. (TSX:NNN) (OTCBB and OTCQX:NEYYF) (the "Company" or "NiMin") today announced that it and its wholly-owned subsidiary, Legacy Energy, Inc. ("Legacy"), have entered into a definitive agreement (the "California Agreement") for the sale of its assets in California's San Joaquin Basin (the "California Assets") to Southern San Joaquin Production, LLC for a total cash consideration of approximately US$27 million, subject to adjustment. The sale of the California Assets is subject to customary closing conditions, including approval by NiMin shareholders for the sale of all or…
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