Marketwire
CALGARY, ALBERTA--(Marketwired - Nov. 25, 2013) - Eagle Energy Trust (TSX:EGL.UN) is pleased to announce the closing of its previously announced acquisition (the "Acquisition") of producing petroleum properties in Hardeman County, Texas (the "Acquired Assets"). The purchase price of the Acquired Assets was $US 26.3 million, subject to closing adjustments. The Acquisition was fully funded under Eagle's credit facility. In conjunction with the closing of the Acquisition, Eagle has also received final approval from its lenders with respect to an increase in the borrowing base under its revolving credit facility to $US 80 million from $US 70 million, plus a new one-year non-revolving credit facility of $US 10 million.
About Eagle Energy Trust
Eagle is an oil and gas energy trust created to provide investors with a publicly traded, oil and natural gas focused, reliable distribution paying investment, with favourable tax treatment relative to taxable Canadian corporations.
All material information pertaining to Eagle Energy Trust may be found under Eagle's issuer profile at www.sedar.com or on Eagle's website at www.EagleEnergyTrust.com.