PETROMANAS ENERGY INC. ("PMI")
BULLETIN TYPE: Property-Asset or Share Disposition Agreement
BULLETIN DATE: April 6, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation pursuant to a Sale and Purchase Agreement (the "Agreement") between Petromanas Energy Inc. (the "Company") and Shell Upstream Albania B.V. ("Shell"), a wholly-owned subsidiary of Royal Dutch Shell plc, pursuant to which Shell has agreed to acquire all of the Company's Albanian assets (the "Assets"). In consideration, Shell will pay USD$45 million cash, subject to closing adjustments.
Insider / Pro Group Participation: None
For further information, please refer to the Company's press releases dated February 1, 2016 and March 31, 2016.
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