July 7 (Reuters) - Bellatrix Exploration Ltd BXE.TO
* Bellatrix announces the sale of a 35 percent interest in
the Bellatrix Alder Flats plant
* Following completion of transaction, Bellatrix will retain
a 25 percent interest in alder flats plant
* Co will also have option to reacquire a 5 percent interest
in Alder Flats plant near end of final year of agreement at a
cost of $8 million
* Intends to use cash proceeds from transaction to partially
repay indebtedness outstanding under its syndicated credit
facilities
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