AMERICAS PETROGAS INC ("BOE")
BULLETIN TYPE: Shares for Debt
BULLETIN DATE: February 19, 2016
TSX Venture Tier 1 Company
TSX Venture Exchange has accepted for filing the Company's proposal to issue 4,955,206 shares to settle agreements for $1,238,801.69 related to the settlement of statutory rights of dissent exercised by Dissenting Shareholders in connection with the sale of the Company of all of the issued and outstanding common shares of Americas Petrogas Argentina S.A. to Tecpetrol International S.A. and Tecpetrol International S.L. As per the terms of the settlement agreement, the Dissenting Shareholders will receive $0.295 in cash and 0.22 common shares of the company for each Dissented Share held. The settlement shares are being issued at a deemed price of $0.25 per share.
Number of Creditors: 2 Creditors
Insider / Pro Group Participation: None
The Company shall issue a news release when the shares are issued and the debt extinguished.
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