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CALGARY, ALBERTA--(Marketwire - May 16, 2012) - Fairborne Energy Ltd. ("Fairborne" or the "Company") (TSX:FEL) is pleased to announce that it 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. |
