Southern Pacific Resource Corp. closed the acquisition of the remaining 20% working interest in 59 sections of land in McKay, Alberta.

Matter Value: CAD 33,000,000

Southern Pacific Resource Corp., closed the acquisition of the remaining 20% working interest in 59 sections of land in McKay, Alberta. The acquisition gives Southern Pacific an undivided 100% working interest in all of its McKay lands. As part of the acquisition, Southern Pacific also purchased a 20% working interest in 32 sections of land adjacent to and near Southern Pacific’s 18-section MacKenzie block (100% working interest). Total consideration was $33,000,000.

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Michael Der
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Trevor Wong-Chor
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  • Canada