Pine Cliff Energy Ltd. Announces Closing of Asset Disposition

Rhea-AI Summary

Pine Cliff Energy (TSX: PNE / OTCQX: PIFYF) announced it has completed the disposition of certain assets in the Central area for $15.0 million in gross cash proceeds before closing adjustments.

The transaction closes previously disclosed terms referenced in the company announcement dated November 5, 2025.

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Calgary, Alberta--(Newsfile Corp. - November 20, 2025) - Pine Cliff Energy Ltd. (TSX: PNE) (OTCQX: PIFYF) ("Pine Cliff" or the "Company") is pleased to announce that it has completed the disposition of certain assets in the Central area for gross cash proceeds of $15.0 million before closing adjustments as previously described in the Pine Cliff press release dated November 5, 2025.

About Pine Cliff

Pine Cliff is a natural gas and crude oil company with a long-term view of creating shareholder value. Further information relating to Pine Cliff may be found on sedarplus.ca as well as on Pine Cliff's website at www.pinecliffenergy.com.

For further information, please contact:

Philip B. Hodge - President and CEO
Kristopher B. Zack - CFO and Corporate Secretary
Telephone: (403) 269-2289
Fax: (403) 265-7488
Email: info@pinecliffenergy.com

The TSX does not accept responsibility for the accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/275394

FAQ

What did Pine Cliff (PIFYF) announce on November 20, 2025?

Pine Cliff announced completion of a Central area asset disposition for $15.0 million gross before closing adjustments.

How much cash did Pine Cliff receive from the asset disposition announced November 20, 2025?

The company reported $15.0 million in gross cash proceeds before closing adjustments.

Which assets did Pine Cliff sell in the November 20, 2025 disposition?

The company described the assets as certain properties in the Central area.

Does the November 20, 2025 announcement change Pine Cliff's previously disclosed terms?

The announcement states the disposition closed consistent with terms previously disclosed on November 5, 2025.

What stock symbols correspond to Pine Cliff for investors following the November 20, 2025 news?

Pine Cliff trades on the TSX as PNE and on the OTCQX as PIFYF.

Will Pine Cliff disclose final cash after closing adjustments from the November 20, 2025 sale?

The company reported $15.0 million gross before closing adjustments; any final adjustments were not stated in the announcement.