Sundance Energy Receives Purchase Offer for Non-Core Asset and Cancels Preferred Share Financing
Calgary, Alberta Canada – June 12, 2012 - Sundance Energy Corporation ("Sundance" or the "Corporation") ("SNY" TSX-V) ("SNYXF" OTCQX) is pleased to announce that it has received an Offer to Purchase one of its non-core assets. The offer is subject to standard industry due diligence by the Offeror and is expected to close by the end of July, 2012. It is anticipated that net proceeds to Sundance from the sale of this asset will be approximately $1.4 million.
Preferred Share Financing Cancelled
Sundance further announces that it has cancelled its previously announced Preferred Share financing that was planned to be completed through Beaufort International Associates Limited.
Sundance Energy Corporation is a junior publicly traded oil and gas company whose primary focus is exploring First Nation Lands in Western Canada. Sundance trades in Canada on the TSX Venture Exchange under the trading symbol “SNY” and on the OTCQX in the U.S.A. under the trading symbol “SNYXF”.
For further information:
Jeffrey Standen, President / CEO