PETROAMERICA OIL CORP. ("PTA")
BULLETIN TYPE: Plan of Arrangement - Change in Share type/classification or other attributes
BULLETIN DATE: July 18, 2014
TSX Venture Tier 2 Company
The TSX Venture Exchange (" the Exchange ") accepts for filing documentation pursuant to an Arrangement Agreement dated April 26, 2014 and an Amending Agreement dated July 19, 2014 ( the "Agreements") between the Company and Suroco Energy Inc. ("Suroco"). As per the terms of the Agreements, the Company acquired all of the issued and outstanding common shares of Suroco by way of a statutory plan of arrangement. Those Suroco shareholders electing to receive shares received 2.2161 shares of the Company for each share held and those Suroco shareholders electing to receive cash received $0.80 for each share held. A total of 253,795,411 shares were issued and approximately $17 million dollars.
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