Transaction|December 19, 2014
Toro closes strategic acquisition of Alberta Viking assets
Torys acted as counsel to Toro with a team that included Scott Cochlan, Janan Paskaran, David Cuschieri, Matthew McMahon, Peter Danner and Meredith St. John.
On December 19, 2014, Toro Oil & Gas Ltd. (Toro) reported that it closed the previously announced acquisition of high quality, low decline, Viking light crude oil producing assets located in east central Alberta for a total consideration of C$25.0 million.
The purchase price was satisfied at closing through a cash payment of C$22.5 million and the issuance of 1,191,895 common shares of Toro, exclusive of normal closing adjustments.
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