November 22, 2016 / 9:47 PM / a year ago

BRIEF-Baytex enters into agreement to acquire heavy oil assets located in Peace River area of northern Alberta

Nov 22 (Reuters) - Baytex Energy Corp -

* Entered into agreement to acquire Heavy Oil assets located in Peace River area of northern Alberta,effective Oct 1 for cash consideration of $65 million

* Acquisition will be funded through a concurrent $100 million bought deal financing.

* Assets acquired add about 3,000 boe/d of production

* Baytex announces strategic acquisition that more than doubles land base at Peace River and $100 million equity financing Source text for Eikon: Further company coverage:

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