2017.09.05

Pétrolia Announces Mailing of Management Information Circular with respect to Annual and Special Meeting of Shareholders

Québec, September 5, 2017: Pétrolia Inc. (PEA-TSXV) (“Pétrolia” or the “Company”) announces that it has mailed its management information circular (the “Information Circular”), related voting materials and letter of transmittal (collectively, the “Meeting Materials”) to its shareholders (the “Shareholders”) in connection with the annual and special meeting to be held on October 3, 2017(the “Meeting”). A copy of the Meeting Materials is available under the Company’s profile on SEDAR at www.sedar.com.

Click here to read the information circular

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Some news about Pétrolia

2017.09.05

Pétrolia Announces Mailing of Management Information Circular with respect to Annual and Special Meeting of Shareholders

Québec, September 5, 2017: Pétrolia Inc. (PEA-TSXV) (“Pétrolia” or the “Company”) announces that it has mailed its management information circular (the “Information Circular”), related voting materials and letter of transmittal (collectively, the “Meeting Materials”) to its shareholders (the “Shareholders”) in connection with the annual and special meeting to be held on October 3, 2017(the “Meeting”). A copy of the Meeting Materials is available under the Company’s profile on SEDAR at www.sedar.com.

Click here to read the information circular

Download pdf
2017.08.28

Pétrolia Announces Closing of the Pieridae Private Placement and Third Amendment to Arrangement Agreement

Québec, August 28, 2017 : Pétrolia Inc. (PEA-TSXV) (“Pétrolia” or the “Company”) is pleased to announce that Pieridae Energy Limited (“Pieridae”) closed its previously announced private placement earlier today through a syndicate of agents co-led by Laurentian Bank Securities Inc. and National Bank Financial Inc. and including Desjardins Securities Inc. (the “Pieridae Private Placement”) for gross proceeds of $25,651,625, which included the issuance of 1,970,600 subscription receipts at a subscription price of $12.50 per subscription receipt which, immediately prior to the completion of the previously announced planned amalgamation between Pieridae and Pétrolia by way of a plan of arrangement (the “Arrangement”) under section 192 of the Canada Business Corporations Act, will be converted into Pieridae common shares (“Pieridae Shares”) and exchanged for common shares (“Amalco Shares”) of the amalgamated company (“Amalco”) as part of the Arrangement and commission of $1,019,125 to be satisfied by the issuance of 81,530 Pieridae Shares to the agents. In addition, the full amount of the USD $5,000,000 debenture held by Alfred Sorensen Holdings Ltd. (the "Pieridae Debenture") will be converted into Pieridae Shares immediately prior to closing of the Arrangement. The reduction of the Pieridae Private Placement amount from the initially announced $50,000,000 (less the amount of the Pieridae Debenture) to approximately $31,700,000 (less the amount of the Pieridae Debenture) will be entirely offset by the inclusion of $10,250,000 of the amount of the Anticosti Settlement (as defined below) as part of the working capital to be used by Amalco, and by the transformation of certain accounts payable by Pieridae to creditors into long term liabilities.

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2017.08.10

Pétrolia Reaches an Agreement with the Government of Quebec Concerning Anticosti

QUEBEC, August 10, 2017—Pétrolia Inc. (PEA-TSXV) announces that company reached an agreement in principle with the Government of Quebec to put an end to the work program planned on the Anticosti Island.

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