Maple Leaf Royalties Corp.

Maple Leaf Royalties Corp.

April 01, 2015 20:06 ET

Maple Leaf Royalties Corp. Completes Acquisition of Royalties and Non-Operated Working Interests

CALGARY, ALBERTA--(Marketwired - April 1, 2015) - Maple Leaf Royalties Corp. (TSX VENTURE:MPL) ("Maple Leaf") is pleased to report that it has completed the previously announced acquisition of royalty interests and non-operated working interests in a total of 17 oil and gas wells located in Alberta and Saskatchewan (the "Acquired Assets") from Maple Leaf 2012-II Energy Income Limited Partnership. Please refer to Maple Leaf's news release of March 24, 2015 for additional information regarding the transaction and the Acquired Assets. The transaction remains subject to the final acceptance of the TSX Venture Exchange.

About Maple Leaf Royalties Corp.

Maple Leaf Royalties Corp. is focused on oil and gas royalty interests in Canada. The company owns royalties on oil and gas production with its current asset base concentrated in west central Alberta and including a mixture of oil, natural gas, and natural gas liquids from numerous producing wells. Royalty interests offer unique investment characteristics including revenue that is directly correlated with oil and gas prices, but with minimal exposure to capital and operating costs and no exposure to abandonment and reclamation costs. Maple Leaf intends to grow and diversify its royalty portfolio through the acquisition of additional royalty interests.

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Contact Information

  • Dan Gundersen
    Chief Executive Officer
    Maple Leaf Royalties Corp.
    (403) 852-4423

    Adam Thomas
    Maple Leaf Royalties Corp.
    (403) 830-7995