Exall Energy Corporation (TSX:EE) signed a purchase and sale agreement to sell 18% stake in the working interest in certain lands in The Marten Mountain for CAD 14 million on May 9, 2014. The completion of the transaction is a condition of the new banking arrangements of Exall Energy Corporation. On September 25, 2014, Exall Energy signed a Debenture Purchase Commitment Letter with a private Canadian lender pursuant to which the lender will lend CAD 35 million.

The debenture issue is secured by Exall's assets including Marten Mountain. The transaction is expected to close on May 30, 2014.