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Bankers Petroleum receives certain regulatory approvals for proposed acquisition by Geo-Jade
Bankers Petroleum receives certain regulatory approvals for proposed acquisition by Geo-Ja...
About this update from Big Banc Split Corp. Class A
[{"type":"text","content":"\n\n\n\nBankers Petroleum receives certain regulatory approvals for proposed acquisition by Geo-Jade\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\nBankers Petroleum receives certain regulatory approvals for proposed acquisition by Geo-Jade\nCanada NewsWire\nCALGARY, May 10, 2016\n\n\n\nCALGARY, May 10, 2016 /CNW/ - Bankers Petroleum Ltd. (\"Bankers\") (TSX: BNK, AIM: BNK) is pleased to announce that the proposed corporate transaction (the \"Arrangement\") has received the necessary approvals from the Albanian Competition Authority, the Chinese National Development and Reform Commission (NDRC) and the Ministry of Commerce of the People's Republic of China (MOFCOM) through the Shanghai Free Trade Zone Management Committee.\n\nBoth parties continue to pursue the outstanding regulatory approvals pursuant to the Investment Canada Act (Canada) and the Chinese State Administration of Foreign Exchange (SAFE).  Bankers will host its special meeting of shareholders (the \"Special Meeting\") on May 31, 2016, seeking Shareholder approval for the Arrangement.  If approved at the Special Meeting, closing of the Arrangement remains on track to occur in June 2016, following which Bankers' common shares will be delisted from the Toronto Stock Exchange (\"TSX\") and the AIM market of the London Stock Exchange.\n\nSpecial Meeting of Shareholders\n\nBankers' shareholders of record as of April 19, 2016, are entitled to vote at the Special Meeting.  The Arrangement must be approved by the holders of not less than 66⅔% of the Bankers common shares present in person or represented by proxy at the Special Meeting.  Shareholders are encouraged to read the Management Information Circular prepared in connection with the Arrangement as it provides important information about Bankers and the Arrangement.  The Management Information Circular and related proxy materials are available on SEDAR and Bankers' website (www.bankerspetroleum.com).\n\nThe Special Meeting will be held at The Metropolitan Centre (Strand/Tivoli Rm),...