Brief: Freehold Royalties To Acquire U.S. Multi-Basin Royalty Package For $58 Mln

Freehold Royalties

24/11/2020 21:32

Nov 24 (Reuters) - Freehold Royalties Ltd  FRU.TO :
    * FREEHOLD ROYALTIES LTD. ENTERS INTO AGREEMENT TO ACQUIRE A
U.S.
MULTI-BASIN ROYALTY PACKAGE FOR US$58 MILLION AND ANNOUNCES
EQUITY FINANCING
    * FREEHOLD ROYALTIES LTD - DEAL TO BE FUNDED THROUGH $43
MILLION
BOUGHT DEAL TREASURY OFFERING OF SUBSCRIPTION RECEIPTS, EXISTING
CREDIT FACILITY
    * FREEHOLD ROYALTIES LTD - ACQUIRED ASSETS ARE EXPECTED TO
GENERATE FUNDS FROM OPERATIONS OF $12 MILLION IN 2021
    * FREEHOLD ROYALTIES LTD - DEAL ACCRETIVE TO PRODUCTION PER
SHARE,
OPERATING NETBACK, LIQUIDS WEIGHTING AND GROWTH PROFILE

Source text for Eikon:  ID:nCNWnlnfja 
Further company coverage:  FRU.TO 

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