TORO OIL & GAS LTD. ("TOO") ("TOO.WT")
BULLETIN TYPE: Delist-Offer to Purchase
BULLETIN DATE: February 2, 2017
TSX Venture Tier 2 Company
The TSX Venture Exchange has accepted documentation pursuant to an arrangement agreement dated December 13, 2016 (the "Arrangement Agreement") between the Company, Steelhead Petroleum Ltd. ("Steelhead") and Steelhead Acquisition Company Ltd. Under the terms of the Arrangement Agreement, Steelhead will acquire all of the outstanding common shares of the Company ("Common Shares") for $0.37 per Common Share in cash and the Common Share purchase warrants ("Warrants") for $0.01 per Warrant in cash. The transaction is to be completed by way of a plan of arrangement under the Business Corporations Act (Alberta) by way of a plan of arrangement (the "Arrangement").
Effective at the close of business Thursday, February 2, 2017, the Common Shares and Warrants of the Company will be delisted from TSX Venture Exchange. For further information please refer to the Company's information circular posted on SEDAR January 9, 2017 and the company's news releases dated December 13, 2016 and February 1, 2017.
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