Business

PETROLIFERA PETROLEUM LIMITED ANNOUNCES COMPLETION OF ARRANGEMENT WITH GRAN TIERRA ENERGY INC.

Mar. 18, 2011 (Canada NewsWire Group) -- CALGARY, March 18 /CNW/ - Petrolifera Petroleum Limi...

articleMedexus Pharmaceuticals Inc.March 18, 20114/company/medexus-pharmaceuticals-inc/news/petrolifera-petroleum-limited-announces-completion-of-arrangement-with-gran-tierra-energy-inc
PETROLIFERA PETROLEUM LIMITED ANNOUNCES COMPLETION OF ARRANGEMENT WITH GRAN TIERRA ENERGY INC.

About this update from Medexus Pharmaceuticals Inc.

[{"type":"text","content":"\n\n\n Mar. 18, 2011 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\nCALGARY, March 18 /CNW/ - Petrolifera Petroleum Limited ("Petrolifera")\n (TSX: PDP) announced today that it has completed the previously\n announced statutory plan of arrangement (the "Arrangement") with ("Gran\n Tierra Energy").  Pursuant to the Arrangement, Gran Tierra Energy\n acquired all of the issued and outstanding common shares of Petrolifera\n ("Petrolifera Shares") and all of the issued and outstanding common\n share purchase warrants of Petrolifera ("Petrolifera Warrants").  In\n connection therewith, Petrolifera shareholders received, for each\n Petrolifera Share held, 0.1241 of a share of Gran Tierra Energy and\n holders of Petrolifera Warrants received, for each Petrolifera Warrant\n held, 0.1241 of a common share purchase warrant of Gran Tierra Energy,\n with an exercise price of $9.67 per share and an expiry date of August\n 28, 2011. \n\n\nThe Arrangement was overwhelmingly supported by Petrolifera shareholders\n at a meeting of shareholders held in Calgary, Alberta on March 17,\n 2011, with 72.7 percent of the outstanding shares being voted at the meeting and 99.9\n percent of the votes being in favor of the special resolution approving\n the Arrangement.  The Arrangement was approved by the Court of Queen's\n Bench of Alberta on March 18, 2011.\n\n\nPetrolifera is a Calgary-base crude, natural gas and natural gas liquids\n exp...

More updates from Medexus Pharmaceuticals Inc.