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Altura Energy Inc. Announces the Closing of an Asset Disposition and Provides a Corporate Update
Altura Energy Inc. Announces the Closing of an Asset Disposition and Provides a Corporate ...
About this update from Tenaz Energy Corp
[{"type":"text","content":"\n\n\n\nAltura Energy Inc. Announces the Closing of an Asset Disposition and Provides a Corporate Update\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.prngen6{\nBORDER-TOP:1pt; BORDER-RIGHT:1pt; VERTICAL-ALIGN: BOTTOM; BORDER-BOTTOM:black 1pt solid; TEXT-ALIGN: LEFT; PADDING-LEFT:0.50em; BORDER-LEFT:1pt; PADDING-RIGHT:0.50em\n}\n.prngen3{\nBORDER-TOP:1pt; BORDER-RIGHT:1pt; VERTICAL-ALIGN: BOTTOM; BORDER-BOTTOM:1pt; PADDING-LEFT:0.50em; BORDER-LEFT:1pt; PADDING-RIGHT:0.50em\n}\n.prngen5{\nBORDER-TOP:1pt; BORDER-RIGHT:1pt; VERTICAL-ALIGN: BOTTOM; BORDER-BOTTOM:1pt; TEXT-ALIGN: RIGHT; PADDING-LEFT:0.50em; BORDER-LEFT:1pt; PADDING-RIGHT:1.17em\n}\n.prngen4{\nBORDER-TOP:1pt; BORDER-RIGHT:1pt; VERTICAL-ALIGN: BOTTOM; BORDER-BOTTOM:1pt; TEXT-ALIGN: LEFT; PADDING-LEFT:0.50em; BORDER-LEFT:1pt; PADDING-RIGHT:0.50em\n}\n.prngen7{\nBORDER-TOP:1pt; BORDER-RIGHT:1pt; VERTICAL-ALIGN: BOTTOM; BORDER-BOTTOM:black 1pt solid; TEXT-ALIGN: RIGHT; PADDING-LEFT:0.50em; BORDER-LEFT:1pt; PADDING-RIGHT:1.17em\n}\n.prngen2{\nBORDER-TOP:1pt; BORDER-RIGHT:1pt; VERTICAL-ALIGN: BOTTOM; BORDER-BOTTOM:black 1pt solid; PADDING-LEFT:0.50em; BORDER-LEFT:1pt; PADDING-RIGHT:0.50em\n}\n.prntblns{\nBORDER-TOP: 1pt; BORDER-RIGHT: 1pt; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: 1pt; BORDER-LEFT: 1pt\n}\n\n\n\n\n\n\n\nCanada NewsWire\nCALGARY, AB, June 30, 2020\n\n\n\nCALGARY, AB, June 30, 2020 /CNW/ - Altura Energy Inc. (\"Altura\" or the \"Corporation\") (TSXV: ATU) announces a June 30, 2020 asset disposition and provides an update on its credit facility renewal and operations.\n\n \n \n \n \n \n \n\n \nASSET DISPOSITION\nAltura has amended the timing of the second transaction in the December 4, 2019 definitive agreement (the \"Amending Agreement\") with a private company (\"PrivateCo\") for the sale of a 5.5% working interest in the Corporation's production, wells, lands and facilities for cash of $3.5 million (the \"Second Transaction\") as follows:\nStage\nClosing Date\nDisposition Interest\nCash Proceeds\nStage 1\nJune 30, 2020\n1.375%\n$875,000\nStage 2\nSeptember 30, 2020\n1.375%\n$875,000\nStage 3\nJanuary 31, 202...