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Oil and gas purchase agreement between Daylight Energy Ltd. and Cadence Acquisition Inc.

Date Closed

September 30, 2008

Lead Office



87.50 Million CAD

On September 30, 2008, Daylight Energy Ltd. completed the disposition of certain producing oil and gas properties and related assets situated in Alberta to Cadence Acquisition Inc. (assignee and wholly owned subsidiary of Barrick Gold Corporation) for a total purchase price of C$87.5 million.

McCarthy Tétrault LLP advised Daylight with a team led by Keith Byblow.