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Slideshow Mergers & Acquisitions

By The Online Investor Staff, updated Tue., Dec. 10, 3:32 PM

Slide #38. Petrodorado Energy Ltd. ROK Resources Inc.

Acquirer: Petrodorado Energy Ltd. (CVE:PDQ.CA)
Acquiree: ROK Resources Inc.
Details: Petrodorado Energy Ltd. ("Petrodorado" or the "Company") (TSXV:PDQ) is pleased to announce that, further to its previous press release dated November 15, 2019, it has now closed the acquisition of all of the issued and outstanding shares of ROK Resources Inc. ("ROK"), a private Saskatchewan oil and gas company, pursuant to which ROK became a wholly-owned subsidiary of Petrodorado and the business of Petrodorado will become the current business of ROK (the "Transaction"). Pursuant to the Transaction, ROK's shareholders were issued an aggregate of 20,000,000 common shares of Petrodorado ("Petrodorado Shares"). The Transaction has received the final approval of the TSX Venture Exchange.

Petrodorado Energy is primarily engaged in petroleum and natural gas exploration and development activities in Colombia, Peru and Paraguay. Co.'s oil and gas interests are principally in the pre-production stage and other than for two blocks in Colombia, Co. has not yet determined whether all of its petroleum and natural gas properties contain reserves that are economically recoverable.

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Company Name:  Petrodorado Energy Ltd
Website:  www.petrodorado.com
Sector:  Oil & Gas Exploration & Production
 

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December 10, 2019    3:32 PM Eastern
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