The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Press release from Marketwire

Fairborne Energy Closes Strategic Land and Facilities Acquisition

Thursday, September 09, 2010

Fairborne Energy Closes Strategic Land and Facilities Acquisition16:30 EDT Thursday, September 09, 2010 CALGARY, ALBERTA--(Marketwire - Sept. 9, 2010) - Fairborne Energy Ltd. ("Fairborne" or the "Company") (TSX:FEL) is pleased to announce that it has closed its previously announced acquisition in the Company's core Marlboro/Pine Creek area. The acquisition has an effective date of July 1, 2010 and a purchase price of approximately $71.5 million, subject to closing adjustments. FOR FURTHER INFORMATION PLEASE CONTACT: Fairborne Energy Ltd. Steven R. VanSickle President and Chief Executive Officer 403-290-7759 403-290-7724(FAX) svansickle@fairborne-energy.com or Fairborne Energy Ltd. Aaron G. Grandberg Chief Financial Officer 403-290-3217 403-290-7724(FAX) agrandberg@fairborne-energy.com www.fairborne-energy.com