BRIEF-Bellatrix announces sale of a 35 pct interest in Bellatrix Alder Flats plant

Thu Jul 7, 2016 7:06pm EDT
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article
[-] Text [+]

July 7 (Reuters) - Bellatrix Exploration Ltd

* Bellatrix announces the sale of a 35 percent interest in the Bellatrix Alder Flats plant

* Following completion of transaction, Bellatrix will retain a 25 percent interest in alder flats plant

* Co will also have option to reacquire a 5 percent interest in Alder Flats plant near end of final year of agreement at a cost of $8 million

* Intends to use cash proceeds from transaction to partially repay indebtedness outstanding under its syndicated credit facilities Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1-646-223-8780)