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Petromanas Energy Inc Updates On Acquisition Of Gallic Energy Ltd


Monday, 31 Dec 2012 07:00am EST 

Petromanas Energy Inc announced that it is in the final stages of closing the previously announced business combination whereby Petromanas is acquiring 100% of the issued and outstanding class A shares of Gallic, in exchange for common shares of Petromanas, by way of a statutory plan of arrangement. As previously disclosed, the Arrangement was approved by Gallic shareholders and warrantholders at a special meeting held on December 13, 2012. Gallic also received the final approval of the Court of Queen's Bench in respect of the Arrangement following application to the Court on December 14, 2012 . It is anticipated that the Arrangement will close later on December 31, 2012. 

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