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Spyglass Resources Corp SGLRF

Energy Oil & Gas E&P Energy
Spyglass Resources Corp is an oil and gas exploration and production company that conducts its operations in the Western Canadian Sedimentary Basin. The Company is a dividend paying, intermediate oil & gas company that trades on the TSX under the symbol 'SGL'. It operates oil and natural gas properties in Alberta, Saskatchewan and British Columbia.


GREY:SGLRF - Post by User

Spyglass Resources Corp > SGL news
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Post by blondeBondon Sep 11, 2014 5:39pm
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Post# 22928688

SGL news

SGL news

CALGARY, ALBERTA--(Marketwired - Sept. 11, 2014) - Spyglass Resources Corp. ("Spyglass", or the "Company") (TSX:SGL)(OTCQX:SGLRF) announces the closing of the non-core asset dispositions disclosed in the Company's August 12, 2014 news release. Net proceeds of $43 million (after normal closing adjustments) have been received in the third quarter in addition to the second quarter proceeds of $7 million. Dispositions closed to date in the third quarter were reported as assets held for sale at June 30, 2014. The Company's credit facility has been reduced by $10 million to $365 million reflecting the impact of these transactions on the Company's borrowing capacity.

September Dividend

The Board has approved the September cash dividend of $0.015 per share ($0.18 per share annualized) payable on October 15, 2014 to shareholders of record on September 26, 2014. The ex-dividend date will be September 24, 2014. 

Read more at https://www.stockhouse.com/news/press-releases/2014/09/11/spyglass-resources-corp-announces-closing-of-previously-announced-non-core#W0QzhMWqml5so2ED.99

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