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TriOil Inks Merger Deal with Poland's PKN ORLEN

PKN Orlen SA Trioil Resources Ltd.
AnnouncedSep 16, 2013
TypeCorporate
LocationCardium Shale
Announced Date
September 16,2013
Close Date
November 13,2013
Transaction Type
Corporate
Enterprise Value (EV)($MM)
184




Snapshot
Location
Region
Canada

Country
Canada

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Closing Announcement - November 13 2013

TriOil Resources Ltd. has announce the completion of the plan of arrangement, pursuant to which ORLEN Upstream sp. z o.o., through a wholly-owned subsidiary registered in the Netherlands, ORLEN Upstream International B.V., purchased all of the issued and outstanding class A common shares of the Company (the "Common Shares") at a cash price of C$2.85 per Common Share for total cash consideration of $183.7 million.

With the completion of the Arrangement, the Common Shares will be delisted from the TSX Venture Exchange.

In connection with the completion…




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