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Pyramid Oil Co and Yuma Energy, Inc. announce merger agreement


Thursday, 6 Feb 2014 05:35pm EST 

Pyramid Oil Co and Yuma Energy, Inc:Says that they have entered into a definitive merger agreement for an all-stock transaction.Says upon completion of the transaction, Pyramid will change its name to Yuma Energy, Inc.Says under the terms of the merger agreement, Pyramid will issue an aggregate of about 66 million shares of Pyramid common stock to Yuma stockholders, resulting in former Yuma stockholders owning about 93pct of the post-merger company.Says upon completion of the transaction, there will be an aggregate of about 71 million shares of common stock outstanding.Says as part of the merger, Pyramid will reincorporate as a Delaware corporation.Says ROTH Capital Partners, LLC acted as financial advisor to Pyramid in the transaction.Says Legal counsel to Yuma in the transaction is Jones & Keller, P.C., Denver, Colorado. Legal counsel to Pyramid in the transaction is TroyGould PC, Los Angeles, California. 

Company Quote

5.65
-0.1 -1.74%
24 Jul 2014