Relativity Media has officially closed its acquisition deal for the upcoming film ‘Act of Valor,’ Deadline is reporting. The studio will pay a $13 million minimum guarantee and a $30 million P&A commitment for the mission movie centered on Navy SEALs. Relativity secured the deal after such studios as Lionsgate, Alcon, Dark Castle and Film District made comparable bids.

‘Acts of Valor,’ which will either be released in February 2012 for Presidents Day or for Veterans Day in November 2012, will be the first film about the Navy Seals that killed Osama bin Laden. The action-thriller, which was written by Kurt Johnstad and directed by ex-stuntmen Mike McCoy and Scott Waugh, will follow six leads who will be portrayed by active-duty Navy Seals.

Roselyn Sanchez and Emilio Rivera are among the actors already cast in ‘Acts of Valor,’ which follows a Navy SEAL squad on a mission to recover a kidnapped CIA agent. The team also dismantles a group of terrorists determined to attack America. With unprecedented access from the Seals, McCoy and Waugh filmed never-before-seen military operation scenes, which are based on actual events that happened to the men who appear in the film.

Relativity’s President of Worldwide Production, Tucker Tooley, said ‘Act of Valor’ is “truly one-of-a-kind-ripped from today’s headline-making heroic missions, an incredibly crafted film feature active duty Navy Seals, in a remarkable and fast-paced story.”

Written by: Karen Benardello