Cardinal Energy Ltd. (TSX:CJ) signed a purchase and sale agreement to acquire an additional 10% working interest in Midale unit for CAD 22.5 million on December 12, 2017. The transaction will be funded through the payment of CAD 11.25 million in cash and the issuance of 2.3 million Cardinal common shares. Post transaction, Cardinal Energy Ltd. will hold 78% working interest in Midale unit. The transaction is subject to customary closing conditions including the approval of Toronto Stock Exchange and is expected to close on January 2, 2018. Cardinal Energy Ltd. (TSX:CJ) completed the acquisition of an additional 10% working interest in Midale unit on January 12, 2018