BRIEF-Buccaneer Energy updates on asset sales and financing facilities

Jan 2 (Reuters) - Buccaneer Energy Ltd BCC.AX :

* Executed a sale and purchase agreement with BlueCrest Energy Inc for the

sale of its 25% interest in The Cosmopolitan Project

* Total consideration raised for co by sale is $41.3 million

* "Settlement is expected to take place in mid-January 2014"

* Executed membership interest purchase agreement for sale of its 50% equity

interest in, and subordinated shareholder loans to Kenai Offshore Ventures

Llc for $23.95 million

* Executed non-binding letter of intent with Meridian capital international

fund to provide an additional credit facility of up to $50 million

* Source text for Eikon News Search ID:nASX5HBr3C

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