Business
Sterling Resources Ltd. and PetroTal Ltd. Announce Closing of Reverse Take-Over and Completion of Peruvian Asset Acquisition
Sterling Resources Ltd. and PetroTal Ltd. Announce Closing of Reverse Take-Over and Comple...
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[{"type":"text","content":"\n\n\n\nSterling Resources Ltd. and PetroTal Ltd. Announce Closing of Reverse Take-Over and Completion of Peruvian Asset Acquisition\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.prngen5{\nBORDER-BOTTOM:black 0pt; TEXT-ALIGN: CENTER; BORDER-LEFT:black 0pt; PADDING-LEFT:0.50em; PADDING-RIGHT:0.50em; VERTICAL-ALIGN: MIDDLE; BORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt\n}\n.prngen1{\nBORDER-BOTTOM:0pt; BORDER-LEFT:0pt; BORDER-COLLAPSE: COLLAPSE; BORDER-TOP:0pt; BORDER-RIGHT:0pt\n}\n.prngen2{\nBORDER-BOTTOM:black 0pt; BORDER-LEFT:black 0pt; PADDING-LEFT:0.50em; PADDING-RIGHT:0.50em; BORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt\n}\n.prngen4{\nBORDER-BOTTOM:black 0pt; TEXT-ALIGN: LEFT; BORDER-LEFT:black 0pt; PADDING-LEFT:0.50em; PADDING-RIGHT:0.50em; VERTICAL-ALIGN: TOP; BORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt\n}\n.prnpr8{\nPADDING-RIGHT:0.67em\n}\n.prnsblb0{\nBORDER-LEFT:black 0pt\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n.prnpl6{\nPADDING-LEFT:0.50em\n}\n.prnrbrb0{\nBORDER-RIGHT:black 0pt\n}\n.prnsbtb0{\nBORDER-BOTTOM:black 0pt\n}\n\n\n\n\n\n\n\nCanada NewsWire\nCALGARY, Dec. 18, 2017\n\n\n\n/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW./\n\n\n\nCALGARY, Dec. 18, 2017 /CNW/ - Sterling Resources Ltd. (\"Sterling\" or the \"Corporation\") (TSXV: SLG) and PetroTal Ltd. (\"PetroTal\") are pleased to announce the completion of the previously announced reverse take-over by way of a statutory plan of arrangement (the \"Arrangement\") involving Sterling and PetroTal under the Business Corporations Act (Alberta).  Pursuant to the Arrangement, each common share of PetroTal (\"PetroTal Share\") was exchanged for 5.35 common shares of Sterling (\"Sterling Shares\") resulting in the issuance of an aggregate of 203,300,005 Sterling Shares.  As part of the Arrangement, Sterling and PetroTal were amalgamated and continued as one corporation under the name \"Sterling Resources Ltd.\" (\"New Sterling\"). \n\nIn addition, New Sterling has completed the a...