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Entropy Enters Definitive Agreement to Purchase Strategic Carbon Storage Assets
Entropy Enters Definitive Agreement to Purchase Strategic Carbon Storage Assets Canada ...
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[{"type":"text","content":"\n\n\n\n Entropy Enters Definitive Agreement to Purchase Strategic Carbon Storage Assets\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen2{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; VERTICAL-ALIGN: BOTTOM; BORDER-TOP:black 1pt; BORDER-RIGHT:black 1pt; BORDER-BOTTOM:black 1pt; BORDER-LEFT:black 1pt\n}\n.prnml4{\nMARGIN-TOP:0em; MARGIN-RIGHT:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE; BORDER-TOP:1pt black; BORDER-RIGHT:1pt black; BORDER-BOTTOM:1pt black; BORDER-LEFT:1pt black\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n\n Transaction increases Entropy's customer base and expands Entropy's operations into\n \n Saskatchewan\n \n\n\n\n\n\n\n CALGARY, AB\n \n\n ,\n \n\n June 23, 2025\n \n\n /CNW/ - Entropy Inc. (\"Entropy\"), a subsidiary of Advantage Energy Ltd. (\"Advantage\"), has entered into a definitive agreement to purchase an interest in three carbon hubs from a Canadian oil and natural gas producer for\n \n $20 million\n \n and contingent payments of approximately\n \n $15 million\n \n (subject to adjustment) based on commercial milestones achieved by various projects (the \"Acquisition\").\n \n\n The all-cash transaction encompasses a portfolio of strategic subsurface assets, along with associated commercial contracts, licenses, and other intellectual property. The acquired assets are the\n \n Belle Plaine\n \n carbon hub and the\n \n North Battleford\n \n carbon hub, located in\n \n Saskatchewan\n \n , as well as a 50% interest in the\n \n Rolling Hills\n \n carbon hub located in southern\n \n Alberta\n \n . The Acquisition is expected to close in\n \n July 2025\n \n , subject to satisfaction of certain conditions precedent. TD Securities Inc. acted as the exclusive Financial Advisor to the Vendor.\n \n\n Funds for the Acquisition will be provided through the issuance of convertible debentures by Entropy under its aggregate\n \n $500 million\n \n strategic investment agreements with Brookfield Asset Management and the Canada Growth Fund, with no capital to be contributed by Advant...