Magnum Hunter agrees to buy oil and gas firm NuLoch Resources for US$327 million

Magnum Hunter Resources Corp. has agreed to acquire Calgary-based oil and gas producer NuLoch Resources Inc. (TSXV:NLR) for US$327 million.
The Houston-based company, which focuses on unconventional shale properties, said the boards of both companies have already approved the agreement.
Magnum has also received the backing of shareholders that represent 37.8 per cent of issued and outstanding shares.
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Source: Winnieg Free Press