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| Home : Petrus Resources Announces Closing of Arrangement |
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Feb 03
2016 |
Petrus Resources Announces Closing of Arrangement |
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CALGARY, ALBERTA--(Marketwired - Feb. 2, 2016) - Petrus Resources Ltd. ("Petrus" or the "Company") is pleased to announce that the previously announced plan of arrangement (the "Arrangement") involving Petrus, Petrus Resources Corp. ("Old Petrus"), Petrus Resources Inc. (formerly PhosCan Chemical Corp.) ("PhosCan") and Fox River Resources Corporation ("Fox River") has closed, and aggregate gross proceeds from the previously announced $30 million bought deal financing (the "Financing") of subscription receipts of Petrus ("Subscription Receipts") have been released from escrow, resulting in aggregate gross proceeds to Petrus of approximately $75.4 million, inclusive of the gross proceeds of the Financing and the assumption of approximately $45.4 million of PhosCan's positive working capital. |
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| Source:http://www.marketwired.com/mw/release.do?id=2093418&sourceType=3 |
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