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CALGARY, AB , July 2, 2020 /CNW/ - Advantage Oil & Gas Ltd. ("Advantage" or the "Corporation") is pleased to announce it has successfully closed the previously announced sale of a 12.5% interest in the Glacier Gas Plant to Topaz Energy Corp. ("Topaz") and received $100 million cash proceeds (see press release dated April 13 , 2020). This transaction fortifies Advantage's robust balance sheet and augments the Corporation's ability to execute value-generating capital projects and strategic opportunities. Advantage retains the remaining 87.5% interest and will continue to be operator of the Glacier Gas Plant with access to all surplus capacity during the term of a 15-year volume commitment with Topaz.
CALGARY , May 26, 2020 /CNW/ - Advantage Oil & Gas Ltd. ("Advantage" or the "Corporation") is pleased to announce the renewal of the Corporation's existing $400 million revolving credit facility, following completion of its annual review by the syndicate of lenders. Upon closing of the previously announced sale of a 12.5% interest in the Glacier Gas Plant for $100 million in July 2020 (see Advantage news release dated April 13, 2020 ), Advantage and the lending syndicate have agreed to adjust the revolving credit facility to $350 million , resulting in a significant net increase in liquidity and further strengthening of the balance sheet. The information in this press release contains certain forward-looking statements, including within the meaning of applicable securities laws.
Advantage Announces Annual Meeting Voting Results on Election of Directors