CALGARY, Dec. 31, 2012 /CNW/ - Petromanas Energy Inc. ("Petromanas") (TSXV: PMI) and Gallic Energy Ltd. ("Gallic") (TSXV: GLC) are pleased to announce that Petromanas has completed its previously announced acquisition of Gallic pursuant to a plan of arrangement under the Business Corporations Act (Alberta) (the "Arrangement"). In accordance [...]
Petromanas Energy and Gallic Energy have extended the outside date for completion of the proposed plan of arrangement involving Petromanas and Gallic from December 31, 2012 to January 31, 2013 following the approval of the Arrangement by Gallic shareholders and warrantholders at a special meeting held on December 13, 2012. The extension will [...]
Gallic Energy is pleased to announce that the shareholders and warrantholders of Gallic have voted to approve the previously announced plan of arrangementwith Petromanas Energy. Pursuant to the Arrangement, Petromanas will acquire all of the class A shares of Gallic in exchange for 0.3736 of a Petromanas share and all Gallic warrants will be [...]
Gallic today convened an annual and special securityholders' meeting of Gallic for the purposes of, among other matters, considering a proposed plan of arrangement involving Gallic, Petromanas Acquisition and Petromanas Energy as previously announced on October 2, 2012. Gallic has adjourned the business of the Meeting until 9:00 a.m. on Thursday [...]
Petromanas Energy and Gallic Energy are pleased to jointly announce that they have entered into an agreement whereby Petromanas will acquire 100% of the issued and outstanding class A shares of Gallic, in exchange for common shares of Petromanas, by way of a statutory plan of arrangement. The transaction is expected to close in the fourth ...
Gallic Energy announces that it has applied to the TSX Venture Exchange ("TSXV") for an extension of the expiry date of certain of its outstanding common share purchase warrants. The application seeks TSXV approval of the extension of the expiry date of (a) the 5,800,000 Warrants issued on August 6, 2010 and having an exercise price of $0.10 per [...]
Gallic Energy announces that it has temporarily suspended completion operations at its Ossun-2D well located in Southern France. The Ossun-2D well was successfully drilled to a total depth of 3,050 m and subsequently cased and cemented after open-hole logs indicated characteristics of hydrocarbon bearing formations in both the Upper Cretaceous [...]
Gallic Energy is pleased to provide an operational update on the Ossun-2D well located in the Aquitaine Basin in Southern France. Gallic is the 100% owner and operator of the Ossun-2D well. The Ossun-2D well was successfully drilled to a total depth of 3,050 m as planned. Open hole well logs have been completed and the Company has now commenced [...]
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