CALGARY, ALBERTA--(Marketwired - Jan. 22, 2015) - Maple Leaf Royalties Corp. (TSX VENTURE:MPL) ("Maple Leaf") is pleased to announce that it has entered into a definitive purchase agreement with Maple Leaf 2012 Energy Income Limited Partnership ("Vendor") pursuant to which it has agreed to acquire royalty interests in nine oil and gas wells located in Alberta (the "Royalties") in consideration of the issuance and delivery to Vendor of 23,000,000 common shares (the "Purchase Price Shares") of Maple Leaf. Based on the trading price of $0.39 per share, total deemed consideration is $8.97 million.
The transaction is expected to close on or about February 4, 2015 with an effective date of January 1, 2015. Closing is subject to the satisfaction of conditions customary for transactions of this nature and the receipt of all required regulatory approvals, including the acceptance of the TSX Venture Exchange.
Read more at https://www.stockhouse.com/news/press-releases/2015/01/22/maple-leaf-enters-agreement-to-purchase-oil-and-gas-royalties#ZLbeYPfXzRfpTQjw.99