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Fairborne Closes On Manitoba, Saskatchewan Asset Divestiture

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May 17, 2012

Fairborne Energy Ltd. (TSX:FEL) has closed its previously announced sale of properties in the greater Sinclair area of south west Manitoba and south east Saskatchewan for $80 million, subject to closing adjustments. Proceeds from the divestiture were used to reduce bank indebtedness.

With the closing of the Sinclair asset sale and the scheduled closing next month ...

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