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BRIEF-Petro Vista Energy Corp. Enters Into Definitive Agreement With 3 Sixty Secure Corp. And Total Cannabis Security Solutions Inc.

Published 2018-11-13, 08:24 a/m
Updated 2018-11-13, 08:30 a/m
© Reuters.  BRIEF-Petro Vista Energy Corp. Enters Into Definitive Agreement With 3 Sixty Secure Corp. And Total Cannabis Security Solutions Inc.

Nov 13 (Reuters) - Petro Vista Energy Corp PTVh.V :

* PETRO VISTA ENERGY CORP. ENTERS INTO DEFINITIVE AGREEMENT WITH 3 SIXTY SECURE CORP. AND TOTAL CANNABIS SECURITY SOLUTIONS INC.

* PETRO VISTA ENERGY CORP - SPECIAL-PURPOSE SUBSIDIARY WILL AMALGAMATE WITH AMALCO UNDER OBCA

* PETRO VISTA ENERGY CORP - WILL CARRY ON BUSINESS OF 3SIXTY AND TCSS UNDER NAME "3 SIXTY SECURE CORP."

* PETRO VISTA ENERGY - WILL CONSOLIDATE SHARES ON BASIS OF ONE POST-CONSOLIDATION PETRO VISTA SHARE FOR EVERY TWO PRE-CONSOLIDATION PETRO VISTA SHARES

* PETRO VISTA ENERGY CORP - HOLDERS OF PETRO VISTA SHARES EXPECTED TO OWN APPROXIMATELY 1.8% OF RESULTING ISSUER SHARES

* PETRO VISTA ENERGY - UPON COMPLETION OF RTO TRANSACTION, DIRECTORS, OFFICERS OF CO SHALL RESIGN AND BE REPLACED BY NOMINEES OF AMALCO

* PETRO VISTA ENERGY CORP - RESULTING ISSUER MANAGEMENT TO HAVE 3SIXTY CEO THOMAS GERSTENECKER & CARLO RIGILLO AS CFO

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