Donnybrook Energy Inc. (TSXV: DEI) has entered into an asset exchange and an arrangement agreement with Cequence Energy Ltd. (TO: CQE) to sell the company’s interest in its Simonette and Resthaven oil and gas properties.

The sale will be made in exchange of 10.3 million Cequence common shares and Cequence's interest in its Fir oil and gas property. The transaction is anticipated to be completed, in part, by way of a plan of arrangement under the Business Corporations Act.

The Simonette and Resthaven properties to be sold to Cequence consist ...