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BRIEF-Gran Tierra Energy and Petroamerica Oil announce agreement for Gran Tierra to acquire all of Petroamerica's issued and outstanding shares

Published 2015-11-13, 09:13 a/m
© Reuters.  BRIEF-Gran Tierra Energy and Petroamerica Oil announce agreement for Gran Tierra to acquire all of Petroamerica's issued and outstanding shares

Nov 13 (Reuters) - Petroamerica Oil Corp PTA.V :
* Gran tierra energy inc. and Petroamerica Oil Corp announce agreement for Gran
Tierra to acquire all of petroamerica's issued and outstanding shares
* Petroamerica shareholders will receive, either 0.40 of a Gran Tierra common
share or C$1.33 in cash for each Petroamerica share
* If Petroamerica shareholders elect to accept all share consideration, Gran
Tierra expects to issue 43.6 million common shares
* Says transaction value including working capital and accounting for severance
and transaction costs is $84 million
* Says successful completion of the acquisition is expected to be accretive to
Gran tierra's net asset value per share

* Source text for Eikon ID:nMKWrKq2ra
* Further company coverage PTA.V

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