| Home : May 2012 : May 17, 2012 News : Fairborne Announces Closing of $80 Million Asset Divestiture |
Fairborne Announces Closing of $80 Million Asset Divestiture |
May 17, 2012
CALGARY, ALBERTA--(Marketwire - May 16, 2012) - Fairborne Energy Ltd. ("Fairborne" or the "Company") (TSX:FEL) is pleased to announce that it has closed its previously announced sale of properties in the greater Sinclair area of south west Manitoba and south east Saskatchewan for $80 million, subject to closing adjustments. Proceeds from the divestiture were used to reduce bank indebtedness.
http://www.marketwire.com/mw/release.do?id=1658367&sourceType=3
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