The Online Investor
Daily M&A
Contrarian Outlook
Stock Option Ideas
Preferred Stock Newsletter
ChartZero.com
ChartZero
Energy M&A image Energy M&A » By The Online Investor Staff, updated Wed., Jun. 3, 11:00 AM Recent mergers and acquisitions in the Energy M&A category.

Slide #47. Petrobank Energy and Resources Ltd. Touchstone Exploration Inc.

Acquirer: Petrobank Energy and Resources Ltd. (PBG.CA)
Acquiree: Touchstone Exploration Inc. (TAB.CA)
Details: Petrobank Energy and Resources Ltd. (TSX:PBG) ("Petrobank") and Touchstone Exploration Inc. (TSX VENTURE:TAB) ("Touchstone") are pleased to announce that they have entered into an agreement (the "Arrangement Agreement") that provides for the combination of Petrobank and Touchstone to create a well-capitalized, oil focused Company with high growth potential. The combination of Petrobank and Touchstone will be effected by way of a plan of arrangement (the "Arrangement") under the Business Corporations Act (Alberta) and will result in the combined Company carrying on business under the name Touchstone Exploration Inc. ("New Touchstone" or the "Company") which will continue trading on the Toronto Stock Exchange.

Petrobank Energy & Resources is a development stage company involved in the exploration and development of heavy oil in western Canada. Co. operates its Kerrobert heavy oil project using Co.'s patented THAI® heavy oil recovery process in the field. THAI® (Toe to Heel Air Injection), is an in-situ combustion technology for the recovery of heavy oil and bitumen.

Open the PBG.CA Page at The Online Investor »

Petrobank Energy & Resources is a development stage company involved in the exploration and development of heavy oil in western Canada. Co. operates its Kerrobert heavy oil project using Co.'s patented THAI® heavy oil recovery process in the field. THAI® (Toe to Heel Air Injection), is an in-situ combustion technology for the recovery of heavy oil and bitumen.

Open the TAB.CA Page at The Online Investor »

Company Name:  Touchstone Exploration Inc (New)
Website:  www.petrobank.com
Sector:  Oil & Gas Exploration & Production
Company Name:  Touchstone Explorations Inc.
Website:  www.touchstonecanada.com
Sector:  Oil & Gas Exploration & Production
 

June 3, 2020    11:00 AM Eastern
Quotes delayed 20 minutes


Energy M&A - Slide 47 of 100 | www.TheOnlineInvestor.com | Copyright © 1998 - 2020, All Rights Reserved

Nothing in The Online Investor is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and stock market videos powered by Market News Video. Quote data delayed at least 20 minutes, powered by Ticker Technologies, and Mergent. Contact The Online Investor; Meet Our Editorial Staff.