Saturn Oil & Gas Inc. (TSE:SOIL) has released an update.
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Saturn Oil & Gas Inc. is set to become the 6th largest producer in Saskatchewan through a strategic $525 million acquisition of oil-weighted assets, bolstered by a transformative debt recapitalization and a $100 million equity financing deal. The move will significantly expand the company’s production and reserves, while enhancing financial flexibility and future capital return opportunities for shareholders. Post-acquisition, Saturn is expected to be a top-tier intermediate oil producer with a strong financial position and a focus on high-margin, liquids-weighted production.
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