PETROAMERICA OIL CORP. ("PTA") BULLETIN TYPE: Delist-Offer to Purchase BULLETIN DATE: January 15, 2016 TSX Venture Tier 2 Company
TSX Venture Exchange (the "Exchange") has accepted for filing documentation pursuant to a Court approved plan of arrangement (the "Arrangement") between Petroamerica Oil Corp. (the "Company") and Gran Tierra Energy Inc. ("Gran Tierra") pursuant to an arrangement agreement dated November 12, 2015 (the "Agreement"). Approval of the Arrangement was obtained from holders ("Shareholders") of common shares of the Company ("Shares") at Special Meeting of Shareholders held January 11, 2016. Pursuant to the terms of the Agreement, Shareholders will receive, at their election, either 0.40 of a share of common stock of Gran Tierra (each a "Gran Tierra Share") or $1.33 in cash for each Share, subject to a maximum of $101,301,755 of the consideration payable in cash. Accordingly, Gran Tierra paid an aggregate of approximately $99.4 million and issued an aggregate of 13,656,719 Gran Tierra Shares to the Shareholders
Effective at the close of business Friday, January 15, 2016, the common shares of Petroamerica Oil Corp. will be delisted from TSX Venture Exchange.
For further information please refer to the Company's information circular dated December 3, 2015 and the Company's news releases dated January 11, 2016 and January 13, 2016. ________________________________________
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