Oil & Gas Exploration & Production M&A » By The Online Investor Staff, updated Sun., May. 5, 1:27 AM
Recent mergers and acquisitions in the Oil & Gas Exploration & Production M&A category.
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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May 5, 2024 1:27 AM Eastern
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