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BRIEF-Baytex buys oil sands leases in northeast Alberta.

Oct 2 (Reuters) - Baytex Energy Corp :

* Announces acquisition of oil sands leases and approved sagd project

* Says total consideration for the acquisition of $120 million

* Deal will be funded by drawing on baytex's revolving credit facility

* Deal to acquire interest in about 46 sections of undeveloped oil sands leases

in cold lake area of Alberta

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