BRIEF-Bellatrix announces $47 mln non-core asset sale

Mon Sep 19, 2016 6:15pm EDT
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Sept 19 (Reuters) - Bellatrix:

* Bellatrix Announces $47 Million Non-Core asset sale

* Inplay announced a reverse takeover transaction providing for a public listing for its shares on Toronto stock exchange

* Says to sell certain non-core cardium focused assets in greater Pembina area of Alberta

* Updated FY 2016 guidance forecasts to incorporate impact of disposition which is anticipated to have minor impact on fy guidance estimates

* Total consideration is comprised of $42 million cash and 16.7 million shares of Inplay

* Pembina asset sale is expected to close prior to November 11, 2016, with an effective date of June 1, 2016 Source text for Eikon: Further company coverage: