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AvenEx Energy Corp. Closes Sale of Elbow River Marketing Business


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© Marketwire 2013
2013-02-15 19:11:56 -

CALGARY, ALBERTA -- (Marketwire) -- 02/15/13 -- AvenEx Energy Corp. ("AvenEx") (TSX:AVF) is pleased to announce that it has completed its previously announced sale of the assets of Elbow River Marketing Limited Partnership ("Elbow River") to a wholly owned subsidiary of Parkland Fuel Corporation ("Parkland") (TSX: PKI) for Cdn.$80 million, subject to final closing adjustments.



An electronic copy of this press release may be obtained on AvenEx's SEDAR profile at www.sedar.com.


AvenEx was created to provide stable, sustainable dividends to shareholders while providing modest growth and is focused on oil and gas development and production. AvenEx trades on the Toronto Stock Exchange under the symbol AVF.


For further information on AvenEx please go to our website at: www.avenexenergy.com.


The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.


Contacts:

AvenEx Energy Corp.

William Gallacher

President & CEO

(403) 237-9949


AvenEx Energy Corp.

Gary H. Dundas

Vice-President, Finance and CFO

(403) 237-9949


AvenEx Energy Corp.

Suite 300, 808 - 1st Street S.W.

Calgary, Alberta T2P 1M9

(403) 237-0903 (FAX)

www.avenexenergy.com

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