Gallic/Petromanas -- summary under Triangular Amalgamations
General
Proposal for all the shareholders of Gallic to become shareholders of Petromas and for Gallic to be amalgamated with AcquisitionCo. The Petromanas shares to be received are estimated to represent a value of $0.07 per Gallic share, representing an 11% premium based on the 10-day pre-announcement VWAP of Petromas shares on the TSXV.
Plan of Arrangement
Under an Alberta Plan of Arrangement: