This Slide: #18 of 100 |
Slide #18. Petroamerica Oil Corp. — Suroco Energy Inc.
Acquirer:
Petroamerica Oil Corp. (PTA.CA)
Acquiree:
Suroco Energy Inc. (SRN.CA)
Details:
Petroamerica Oil Corp. ("Petroamerica") (TSX-V:PTA) is pleased to announce that it has entered into an arrangement agreement (the "Arrangement Agreement") with Suroco Energy Inc. ("Suroco") (TSX-V:SRN) whereby Petroamerica has agreed to acquire all of the issued and outstanding common shares of Suroco (the "Suroco Shares") by way of a statutory plan of arrangement under the Business Corporations Act (Alberta) (the "Arrangement"). Pursuant to the terms of the Arrangement Agreement, holders of Suroco Shares ("Suroco Shareholders") will receive 1.7627 common shares of Petroamerica ("Petroamerica Shares") for each Suroco Share held (the "Exchange Ratio"). (Note: all financial amounts are reported in United States Dollars unless otherwise indicated.)
Petroamerica Oil is an exploration stage company engaged in the acquisition and exploration of oil and gas properties in South America.
Open the PTA.CA Page at The Online Investor »
Petroamerica Oil is an exploration stage company engaged in the acquisition and exploration of oil and gas properties in South America.
Open the SRN.CA Page at The Online Investor »
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