Sinoenergy Investment to acquire Long Run Exploration
Long Run Exploration Ltd (TSX: LRE), a Canadian intermediate oil and natural gas company, has identified the Chinese buyer in its previously announced acquisition deal as Sinoenergy Investment Corp. Long Run made the announcement while preparing for its meeting of shareholders and debentureholders on February 29, which will vote on the $770 million deal. Calgary-based Long Run has been backed by Canadian private equity firm Sprott Resource Corp since 2009.
10 February 2016•5 mins read
