Painted Pony Announces Strategic Northeast BC Montney Asset Acquisition and $150 Million Bought Deal Common Share Equity Financing

Painted Pony Petroleum Ltd. (“Painted Pony” or the “Company”) is pleased to announce that it has entered into a purchase and sale agreement with an independent oil and gas producer (the “Vendor”) to acquire certain assets and lands in the Kobes area adjacent to Painted Pony’s core Montney project in Northeast British Columbia (“BC”) (the “Kobes Assets”) for $108 million, before closing adjustments and related costs (the “Acquisition”).

Download the full report: PPY Press Release – December 4th, 2012