Brookfield Special Situations has acquired 496,876 common share of Insignia Energy Ltd. (TSX: ISN) through a Private Agreement Exemption. Pursuant to the agreement, Brookfield had paid cash consideration of $2.10 per common share of the company. Insignia Energy is an oil and natural gas company which focuses on the exploration for and the acquisition, development and production of natural gas and crude oil in Canada.
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Brookfield Special Situations ("Brookfield") was established by Brookfield Asset Management to provide a source of patient, long-term capital and strategic assistance to mid-market companies based in North America. With strong industry and financial management expertise, Brookfield is well positioned to assist companies in building value over the long term.
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