BRIEF-Perpetual energy to dispose off eastern Alberta gas properties

Tue Sep 27, 2016 8:41am EDT
 
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Sept 27 (Reuters) - Perpetual Energy Inc :

* Perpetual Energy Inc announces strategic disposition of eastern Alberta shallow gas properties

* Initiated a search for position of vice president, finance and chief financial officer

* Bill Hahn will assume responsibilities of acting vice president, finance , chief financial officer on an interim basis

* Transaction includes effective deferred purchase price component,co to continue benefiting from shallow gas properties for about 2 yrs

* Says refinancing of Tourmaline Oil Corp shares results in an extension of maturity to march 15, 2017

* Perpetual Energy Inc announces strategic disposition of eastern Alberta shallow gas properties

* Transaction includes disposition of all of Perpetual's shallow gas assets and liabilities in eastern Alberta

* Refinancing of financial arrangement secured by 1 million of co's 1.85 million shares of Tourmaline oil corp and maturing in November 2016 Source text for Eikon: Further company coverage: