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Caledonian Royalty Corporation acquires a gross overriding royalty
November 18, 2009
Caledonian Royalty Corporation negotiated the purchase of a 5% top-line gross overriding royalty on the oil and gas properties of a mid-sized Canadian energy producer. In accordance with the purchase agreement, Caledonian closed the acquisition of a 2.5% royalty in late October 2009 with an option to acquire up to an additional 2.5% royalty on the same terms by late December 2009. Additional information may be obtained by registering on our site.
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