Bellatrix Exploration Ltd. (TSX:BXE) entered into an agreement to acquire Remaining Assets of Grafton Energy Co. I Ltd. for $12.4 million on October 4, 2018. Under the terms of the transaction, total consideration payable to Grafton includes $7.66 million in cash and 4 million common shares of Bellatrix and the release to Grafton of approximately $1.1 million that is currently subject to pending audit queries under the Drilling Program Agreement. Transactions will be subject to customary and other closing conditions. The transaction is subject to approval by Grafton’s lender and its shareholders. Bellatrix expects to file a prospectus supplement under its existing $500 million base shelf prospectus to qualify the issuance of the common shares to Grafton. Upon completion of the transaction, the agreement governing the Grafton Joint Venture will be terminated and each party will release the other from all existing and future claims and obligations there under. Transaction is expected to close early in the fourth quarter of 2018. Bellatrix Exploration Ltd. (TSX:BXE) completed the acquisition of Remaining Assets of Grafton Energy Co. I Ltd. on November 5, 2018.