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Petrus Completes Acquisition of Arriva

Petrus Resources Ltd. Arriva Energy Inc.
AnnouncedJul 21, 2014
TypeCorporate
Announced Date
July 21,2014
Close Date
September 09,2014
Transaction Type
Corporate




Snapshot
Asset/Basin:
{Cardium}
TargetZones:
{Cardium,Mannville}
Net Acres
Require Private Equity Subscription
Location
Region
Canada

Country
Canada

Production
Production
Require Private Equity Subscription


Transaction Details:  Require Private Equity Subscription

Closing Announcement - September 9, 2014

Petrus Resources Ltd. has announced that it has closed the previously announced take-over of Arriva Energy Inc., completed an asset acquisition in the Ferrier area to expand the Company’s land position and is increasing the size of its previously announced private placement to up to $155 million.

Arriva Acquisition

Petrus is pleased to announce that 99.4% of the issued and outstanding common shares of Arriva were tendered pursuant to Petrus’ offer to purchase all of the issued and outstanding Arriva Shares. Petrus directed the depositary to take up and…


Source : Require Private Equity Subscription

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