Canadian oil and natural gas company Jed Oil Inc. on Tuesday said it agreed to sell the company's North Ferrier assets for about $33.9 million to fund its planned acquisition of Caribou Resources Corp.
The deal with an unspecified buyer is scheduled to close June 8.
Jed Oil last week offered to acquire all of Caribou's shares and to settle with its creditors.
Shares of Jed Oil added 6 cents, or 3.1 percent, to $1.96 in late-afternoon trading.
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