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Continental Resources Announces $220MM Minerals Divestiture And Formation Of Strategic Relationship With Franco-Nevada

Posted by ipso facto @ 9:37 on August 7, 2018  

OKLAHOMA CITY, Aug. 6, 2018 /PRNewswire/ — Continental Resources, Inc. (CLR) (The “Company”) today announced that Franco-Nevada (NYSE & TSX: FNV) has agreed to pay approximately $220 million for a stake in a newly-formed minerals subsidiary. In accordance with the deal terms, the Company will receive the proceeds at closing, offsetting the majority of previously incurred capital expenditures. The amount to be received by the Company at closing is subject to adjustment under the terms of the transaction documents.

cont. https://finance.yahoo.com/news/continental-resources-announces-220mm-minerals-201900597.html

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.