Marksmen Resources has entered into a letter of intent dated January 15, 2008 to sell certain non-core properties in Saskatchewan. The sale includes a non-operated producing oil property and two non-producing properties.
The effective date of the transaction is January 1, 2008 with a closing date to occur on or about February 13, 2008. The sale is subject to a number of conditions including, but not limited to, the satisfactory completion of final due diligence by the purchaser, regulatory approval including approval of the TSX Venture Exchange and execution of a purchase and sale agreement.
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