One-Page Deal Sheet
Touchstone and Petrobank Combine, Create New Touchstone
Petrobank Energy and Resources Ltd. Touchstone Exploration Inc.
Announced Date
March 06,2014
Close Date
May 14,2014
Transaction Type
Corporate
Location
Region
Canada
Country
Canada
Production & Reserves Production
Reserves
Transaction Details: Subscribe to see
Closing Announcement - May 14, 2014
Petrobank Energy and Resources Ltd. and Touchstone Exploration Inc. have announced the completion of the previously announced combination of New Touchstone and Touchstone by way of a statutory plan of arrangement.
Pursuant to the Arrangement, New Touchstone acquired all the outstanding shares of Touchstone through the issuance of 0.471 New Touchstone shares in exchange for each Touchstone share. Following the Arrangement, New Touchstone consolidated its shares on a 2 to1 basis and, subject to final approval from the Registrar of Corporations (Alberta), will…
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