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Provider: Reuters Investment Profile
Provider: Wright Reports
Provider: Thomson Reuters Stock Report
Provider: Directors Deals Ltd.

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Long Run Exploration Ltd. Announces Closing Of Non-core Assets Sale

Friday, 14 Dec 2012 05:01pm EST 

Long Run Exploration Ltd. announced that the Company has closed the previously announced disposition of its non-core Viking interests located in the Plato / Dodsland / Lucky Hills areas of Saskatchewan for total cash consideration of $180 million (subject to customary closing adjustments). Sale proceeds have been used to reduce the Company's bank debt. As a result of this transaction, Long Run's anticipated year-end net debt will be approximately $290 million. Long Run's revolving, syndicated credit facility remains at $450 million. The $50 million non-renewable development facility has been repaid and canceled. 

Company Quote

0.09 +1.74%
19 Aug 2014