Enerplus Completes Sale of Certain Assets in Northwest Alberta
June 16 2016 - 5:00AM
PR Newswire (Canada)
CALGARY, June 16, 2016 /CNW/ - Enerplus Corporation
("Enerplus" or the "Company") (TSX & NYSE: ERF) has completed
the previously announced sale of certain non-core assets (the
"Assets") located in northwest Alberta, including its Pouce Coupe asset, for cash proceeds of
approximately $95.5 million. Proceeds
from this transaction were used to fully repay the Company's
outstanding bank credit facility.
About Enerplus
Enerplus Corporation is a responsible
developer of high quality crude oil and natural gas assets in
Canada and the United States, focused on providing both
growth and income to its shareholders.
CURRENCY AND ACCOUNTING PRINCIPLES
All amounts in this news release are stated in Canadian
dollars unless otherwise specified.
Ian C. Dundas
President & Chief Executive Officer
Enerplus Corporation
SOURCE Enerplus Corporation
Copyright 2016 Canada NewsWire
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