BRIEF-Toscana Energy announces asset disposition

Wed Aug 17, 2016 9:02am EDT
 
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Aug 17 (Reuters) - Toscana Energy Income Corp

* Announces asset disposition

* Total cash consideration of $12.5 million

* Has sold its non-operated oil and natural gas interests in Northwestern Alberta

* As disposition of assets related to non-operated interests, it will not have any impact on corporation's LMR

* Cash proceeds received from disposition to be used to reduce amount owing under co's revolving credit facility to about $27 million Source text for Eikon: Further company coverage: