December 5, 2016 / 11:47 AM / a year ago

BRIEF-Transglobe Energy announces Canadian asset buy for C$80 mln

Dec 5 (Reuters) - Transglobe Energy Corp

* Transglobe Energy Corp announces canadian asset acquisition

* Transglobe Energy Corp - deal for total consideration of $80 million canadian

* Transglobe Energy Corp - acquisition will be funded by $65 million cash from balance sheet and a 10%, 24-month vendor take back loan of $15 million

* Transglobe Energy Corp - total consideration $80 million comprised of $65 million cash and a vendor take back note of $15 million

* Transglobe Energy Corp - continues to actively evaluate various alternatives to refinance convertible debenture due march 31, 2017

* Transglobe Energy Corp - is in advanced discussions with multiple parties

* Transglobe Energy Corp - purchase includes a 100% interest in a central oil battery and flow lines Source text for Eikon: Further company coverage:

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