Scandinavian Oil-Gas Magazine
http://www.scandoil.com/moxie-bm2/news/stream-shareholder-approves-arrangement-for-busine.shtmlStream shareholder approves arrangement for business combination with TransAtlantic Petroleum
Stream Oil & Gas Ltd. says its shareholders have approved the Arrangement at a meeting of Stream shareholders. The Arrangement was
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Stream Oil & Gas Ltd. says its shareholders have approved the Arrangement at a meeting of Stream shareholders. The Arrangement was approved by 98.04% of the votes cast by Stream shareholders. A total of 60.41% of the outstanding common shares of Stream were voted at the meeting.
Under the Arrangement, each common share of Stream will be exchanged for up to 0.05657 of a common share of TransAtlantic. The arrangement agreement between the companies provides that 85% of the value of each Stream common share, or 0.04812 of a common share of TransAtlantic, will be issued at closing and an additional 15% of the value of each Stream common share, or 0.00845 of a common share of TransAtlantic, will be issued if certain amendments to Stream's Albanian license agreements are received within nine months of the closing date.
