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Leucrotta Exploration Inc.: Leucrotta Exploration Announces Closing of Previously Announced Asset Sale

Leucrotta Exploration Inc.: Leucrotta Exploration Announces Closing of Previously Announced Asset Sale
Calgary, Alberta (Newsfile Corp. - April 1, 2021) -
Leucrotta Exploration Inc. (TSXV: LXE) ( Leucrotta or the Company ) is pleased to announce that, further to its press release dated March 15, 2021, it has closed the previously announced disposition of 10.25 sections of non-strategic Montney lands (the
Asset Sale ), comprising approximately 5% of Leucrotta s Montney land base, for aggregate consideration of $30.0 million.
The Company intends to use the proceeds from the Asset Sale to repay debt, advance the initiation of a Pad Development program in the Lower Montney at Mica (the
Mica Project ), and for general working capital purposes. ....

Robert Zakresky , Leucrotta Montney , Nolan Chicoine , Leucrotta Exploration Inc , Pad Development , Alberta Newsfile Corp , Regulation Services Provider , Venture Exchange , Asset Sale , Lower Montney , Mica Project , Chief Executive Officer , Chief Financial , நோலன் சிக்கோயின் , பட் வளர்ச்சி , ஒழுங்குமுறை சேவைகள் வழங்குநர் , துணிகர பரிமாற்றம் , சொத்து விற்பனை , கீழ் மான்ட்னி , மைக்கா ப்ராஜெக்ட் , தலைமை நிர்வாகி அதிகாரி , தலைமை நிதி ,

Leucrotta Exploration Announces Asset Disposition, Financing and Phase 1 Mica Pad Development

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THIS PRESS RELEASE IS NOT FOR PUBLICATION OR DISSEMINATION IN THE UNITED STATES. FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF UNITED STATES SECURITIES LAW.
CALGARY, Alberta, March 15, 2021 (GLOBE NEWSWIRE)
Leucrotta Exploration Inc. ( Leucrotta
or the Company
) (TSXV - LXE) is pleased to announce that it has entered into an agreement with a syndicate of underwriters for a $20.0 million bought deal financing (the
Financing ) by way of a short form prospectus offering. The Company will be conducting a concurrent non-brokered private placement of $2.0 million flow-through units of the Company. The Company has also entered into a definitive agreement with an Alberta based publicly traded oil and gas company in connection with disposition of its non-strategic lands (the ....

Dawson Creek , British Columbia , United States , Peace River , Rob Zakresky , Robert Zakresky , Leucrotta Montney , Nolan Chicoine , Barrel Of Oil , Funding Kickstarts The Mica Development , Leucrotta Exploration Inc , Companya Common Share , Company Montney , Canadian Development Expenses , Petroleum Initially In Place , Pad Development , Soil In Place , Venture Exchange , Company Flow , Haywood Securities Inc , Light Oil Window , Echelon Wealth Partners Inc , National Instrument , Company Units , Canadian Oil , Common Shares Of The Company ,

Leucrotta Exploration Announces Asset Disposition, Financing and Phase 1 Mica Pad Development

Leucrotta Exploration Announces Asset Disposition, Financing and Phase 1 Mica Pad Development
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Dawson Creek , British Columbia , United States , Peace River , Rob Zakresky , Robert Zakresky , Leucrotta Montney , Nolan Chicoine , Barrel Of Oil , Funding Kickstarts The Mica Development , Leucrotta Exploration Inc , Companya Common Share , Company Montney , Canadian Development Expenses , Petroleum Initially In Place , Pad Development , Soil In Place , Venture Exchange , Regulation Services Provider , Company Flow , Haywood Securities Inc , Light Oil Window , Echelon Wealth Partners Inc , National Instrument , Company Units , Canadian Oil ,