Birchcliff Energy Ltd. (TSX:BIR) entered into a definitive purchase and sale agreement to acquire Pouce Coupe Acquisition for CAD 39 million on November 2, 2018. Pursuant to the Pouce Coupe Acquisition, Birchcliff Energy acquired 18 gross contiguous sections of Montney land located between the Birchcliff Energy’s existing Pouce Coupe and Gordondale properties, as well as various other non-Montney lands and other assets. The consideration will be paid in cash, subject to before customary closing adjustments. Birchcliff paid a deposit of CAD 3.9 million in connection with the acquisition, the full amount of which was drawn under the credit facilities subsequent to September 30, 2018. The transaction is subject to the satisfaction or waiver of customary closing conditions and is expected to be completed on or about January 3, 2019. Birchcliff Energy Ltd. (TSX:BIR) completed the acquisition of Pouce Coupe Acquisition on January 3, 2019.