Manitok Energy Inc. (TSXV:MEI) entered into an asset purchase agreement to acquire certain oil and natural gas assets in Willisden Green, Wildcat Hills and Enchant areas of Alberta for CAD 13.5 million on September 29, 2016. Under the terms of transaction Manitok Energy Inc. will pay a combination of cash and units, the units will have a deemed value of CAD 100 per each unit issued. The total unit consideration to be issued to the vendor shall be determined by Manitok Energy Inc. in its sole discretion, up to a maximum of CAD 4.5 million of units. The cash consideration shall be an amount equal to the total consideration of CAD 13.5 million less the consideration paid in units. The transaction will be funded by offering of 0.2 million units of Manitok Energy Inc. for total aggregate proceeds of CAD 20 million. The transaction is expected to be completed on or before November 30, 2016. Gowling WLG acted as legal advisor for Manitok Energy. Manitok Energy Inc. (TSXV:MEI) completed the acquisition of certain oil and natural gas assets in Willisden Green, Wildcat Hills and Enchant areas of Alberta on October 31, 2016.