Oil & Gas Exploration & Production M&A » By The Online Investor Staff, updated Thu., Apr. 25, 5:55 AM
Recent mergers and acquisitions in the Oil & Gas Exploration & Production M&A category.
| This Slide: #83 of 100 |
Slide #83. Petromanas Energy Inc. — Gallic Energy Ltd.
Acquirer:
Petromanas Energy Inc. (PMI.CA)
Acquiree:
Gallic Energy Ltd. (GLC.CA)
Details:
Petromanas Energy Inc. and Gallic Energy Ltd. are pleased to announce that Petromanas has completed its previously announced acquisition of Gallic pursuant to a plan of arrangement under the Business Corporations Act (Alberta) (the "Arrangement"). In accordance with the Arrangement, Petromanas acquired all of the issued and outstanding class A shares of Gallic in a transaction valued at approximately $11 million. Gallic shareholders received an aggregate of 62,653,259 Petromanas shares, being 0.3736 of a Petromanas share for each Gallic class A share held and Gallic warrantholders received replacement warrants of Petromanas exercisable for an aggregate of 26,581,640 Petromanas shares.
PMI Resources is an exploration stage company engaged in the acquisition and exploration of oil and gas properties in Albania.
Open the PMI.CA Page at The Online Investor »
PMI Resources is an exploration stage company engaged in the acquisition and exploration of oil and gas properties in Albania.
Open the GLC.CA Page at The Online Investor »
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