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Sterling Resources Ltd. Announces 2017 Third Quarter Financial and Operating Results
Sterling Resources Ltd. Announces 2017 Third Quarter Financial and Operating Results ...
About this update from Petrotal Corp.
[{"type":"text","content":"\n\n\n\nSterling Resources Ltd. Announces 2017 Third Quarter Financial and Operating Results\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\n\n\n\n\n\n\nCanada NewsWire\nCALGARY, Nov. 29, 2017\n\n\n\nCALGARY, Nov. 29, 2017 /CNW/ - Sterling Resources Ltd. (TSXV:SLG) (\"Sterling\" or the \"Company\") announces interim operating and financial results for the three and nine month periods ended September 30, 2017.  Unless otherwise noted, all figures contained in this release are denominated in United States dollars. The Company's interim condensed consolidated financial statements and management's discussion and analysis (\"MD&A\") for the reporting period have been filed on SEDAR at www.sedar.com and posted on the Company's website at www.sterling-resources.com.  \n\nOn November 9, 2017 Sterling Resources Ltd. (\"Sterling\") and PetroTal Ltd. (\"PetroTal\") entered into an arrangement agreement (the \"Arrangement Agreement\") whereby Sterling and PetroTal will complete a business combination pursuant to a plan of arrangement (the \"Plan of Arrangement\") under the Alberta Business Corporations Act (the \"PetroTal Transaction\"). The Plan of Arrangement will result in the amalgamation of Sterling and PetroTal under the name Sterling Resources Ltd. (\"New Sterling\"). \n\nPursuant to the PetroTal Transaction, each common share of PetroTal (\"PetroTal Share\") will be exchanged for 5.35 common shares of Sterling (\"Sterling Shares\"), following which Sterling and PetroTal will be amalgamated to form New Sterling. The PetroTal Transaction is expected to constitute a \"Reverse Takeover\" pursuant to the policies of the TSX Venture Exchange (the \"TSXV\") and is subject to the acceptance of the TSXV. Sterling is at arms' length to PetroTal.\n\nIn addition, PetroTal has entered into a share purchase agreement dated as of November 9, 2017 (the \"SPA\") with Sterling, Gran Tierra Energy Inc. (\"GTE\"), and its wholly owned subsidiary Gran Tierra Energy International Holdings Ltd. (\"GTEIH\"), to acquire Gran Tierra Energy International (Peru) Holdings B.V. (\"GTE Peru\"), a...