An unknown buyer signed a letter of intent to acquire certain midstream assets from Petrocapita Income Trust (CNSX:PCE.UN) on March 29, 2018. The proceeds from the sale will be used to finance on-going oil and gas operations, future acquisitions and to reduce debt. An unknown buyer cancelled the acquisition of Certain Midstream Assets of Petrocapita Income Trust from Petrocapita Income Trust (CNSX:PCE.UN) on August 15, 2018.