American Eagle Energy Corporation (OTCBB:AMZG) and non-operating partner agreed to acquire 100% stake in properties in the Spyglass area from SM Energy Company (NYSE:SM) for $9.1 million on November 20, 2012. A sum of $0.46 million is held in escrow. American Eagle Energy Corporation acquired 55% stake for $5 million. On January 2, 2013, American Eagle Energy closed a credit agreement with Macquarie Bank for $18 million to use the funds for the pending property acquisitions and for general corporate purposes. The transaction is expected to close by December 18, 2012.

American Eagle Energy Corporation (OTCBB:AMZG) and non-operating partner completed the acquisition of 100% stake in properties in the Spyglass area from SM Energy Company (NYSE:SM) on January 4, 2013.