Trilogy Energy Corp. Completes Sale of Certain Assets in the Grande Prairie Area of Alberta for $50 Million
Trilogy Energy Corp. ("Trilogy") (TSX – TET) is pleased to announce that it has completed its previously announced sale of certain Valhalla assets in the Grande Prairie area of Alberta for cash consideration of $50 Million, with the proceeds to be used to reduce Trilogy's indebtedness under its revolving credit facility.
Trilogy is a petroleum and natural gas-focused Canadian energy corporation that actively develops, produces and sells natural gas, crude oil and natural gas liquids. Trilogy's geographically concentrated assets are primarily high working interest properties that provide abundant low-risk infill drilling opportunities and good access to infrastructure and processing facilities, many of which are operated and controlled by Trilogy. Trilogy's common shares are listed on the Toronto Stock Exchange under the symbol "TET".
SOURCE: Trilogy Energy Corp.
The Toronto Stock Exchange has neither approved nor disapproved the information contained herein.