Analyst Research

Report Title Price
Provider: Thomson Reuters Stock Report
$25.00
Provider: Reuters Investment Profile
$20.00
Provider: Thomson Reuters Stock Report
$25.00
Provider: GlobalData
$250.00

NYSE and AMEX quotes delayed by at least 20 minutes. NASDAQ delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

Vanoil Energy Ltd Acquires Fluormin Plc


Wednesday, 22 May 2013 05:17pm EDT 

Vanoil Energy Ltd announced that it has acquired all the issued and to be issued shares of Fluormin Plc. (Fluormin) pursuant to Fluormin's Scheme of Arrangement (the Scheme) and the resulting securities exchange. Pursuant to the terms of the Scheme, Vanoil has issued an aggregate of: 45,027,771 common shares (the Shares) of Vanoil; 33,218,214 warrants (the $1.00 Warrants) exercisable to acquire one common share of Vanoil at a price of $1.00 until May 17, 2015; and 6,475,247 warrants (the $0.75 Warrants) exercisable to acquire onecommon share of Vanoil at a price of $0.75 until March 13, 2014. Pursuant to the Scheme, the holders of 43,420 Fluormin shares who were unable to participate in the securities exchange will be entitled to receive the net proceeds from the sale of their allocation of Shares together with an aggregate cash payment of $785 in lieu of un issued $1.00 Warrants and $0.75 Warrants. In addition, an aggregate of 925,332 Fluormin options were not exchanged for $1.00 Warrants, but will now, if exercised, entitle the holder to 0.806 of a Share, 0.572 of a $1.00 Warrant and 0.116 of a $0.75 Warrant in lieu of a Fluormin share, on the same basis as if they had participated in the Scheme. 

Company Quote

0.045
-0.0050 -10.00%
16 Apr 2014