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Slide #15. Vermilion Energy Inc. — Elkhorn Resources Inc.
Vermilion Energy Inc. (NYSE:VET)
Elkhorn Resources Inc.
Vermilion Energy Inc. ("Vermilion", the "Company", "We" or "Our") (TSX, NYSE: VET) is pleased to announce that we have completed our acquisition of Elkhorn Resources Inc. for total consideration of approximately $427 million. Total consideration comprised the assumption of an estimated $42 million of debt, $180 million of cash, and the issuance of 2.8 million common shares of Vermilion valued at approximately $205 million (based on the closing price per Vermilion common share of $72.50 on the Toronto Stock Exchange on April 29, 2014).
Vermilion Energy, through its subsidiaries, is engaged in the business of oil and natural gas exploitation, development, acquisition and production in Canada, France, the Netherlands, Australia and Ireland.
Open the VET Page at The Online Investor »
Hold (2.50 out of 4)
(ranked lower than approx. 84% of all stocks covered)
Based on Zacks ABR data;
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