CALGARY, ALBERTA -- (Marketwire) -- 01/04/13 -- Avatar Energy Ltd. ("Avatar" or the "Corporation") (TSX VENTURE: AVG) announces that it has received final approval from the TSX Venture Exchange with respect to the sale of its working interest in properties located in the Pembina Strawberry Creek for cash gross proceeds of approximately $1.8 million (the "Transaction") less required adjustments. All closing and trust conditions with respect to the Transaction have been satisfied or waived.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Avatar Energy Ltd.
Mr. Alan D. Jack, P. Eng
President & Chief Executive Officer