October 20, 2016 / 9:57 PM / 10 months ago

Shell sells non-core acreage in Canada for about $1 bln

Oct 20 (Reuters) - Royal Dutch Shell Plc said on Thursday it is selling about 206,000 acres of non-core oil and gas properties in Canada to Tourmaline Oil Corp for about $1.03 billion.

The deal consists of $758 million in cash and Tourmaline shares valued at $279 million, Shell said. (Reporting by Sangameswaran S in Bengaluru; Editing by Maju Samuel)

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