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CS - Razor adds second core area in $13 million Little Rock buy - September 2019

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Canadian junior Razor Energy is establishing a second core region in southern Alberta, striking a deal to acquire operator Little Rock Resources Ltd. for $12.7 million, consisting of $10.6 million of equity and the assumption of $2.1 million in debt. Little Rock shareholders will receive 0.45 of a Razor common share for each Little Rock share held. Upon close of the deal, Razor will increase its production by 18% to 5,200 boe/d (80% oil......
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