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Stock Market & Financial Investment News

News Breaks
February 4, 2014
16:39 EDTAAVAdvantage Oil & Gas sells 21.15M Longview shares for C$94.1M
Advantage Oil & Gas said in support of its multi-year growth plan, it has entered into an agreement to sell the 21.15M Longview common shares owned by Advantage at a price of CDN $4.45 per share for aggregate gross proceeds of CDN $94.1M. Closing of the offering is anticipated to be on or about February 26, and all of the net proceeds will be used to reduce Advantage's existing bank indebtedness. The management of Advantage will continue to be led by Andy Mah, President and CEO and Director, Neil Bokenfohr, Vice President Exploitation, and Craig Blackwood, Vice President Finance and CFO. Blackwood has resigned as CFO of Longview to focus entirely on Advantage.
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