Valeura Energy Inc.
Description
As part of several recent linked transactions, completed the issuance of about 14.6 million common shares pursuant to about 14.6 million subscription receipts previously issued in connection with the private placement of receipts that closed Nov. 3, 2016, and the release from escrow of gross proceeds. The acquisition of 100% of the shares of TBNG by Valeura Energy Netherlands BV was done through funds from this offering and earlier payments of US$18 million received from Statoil Banarli Turkey BV under the Banarli farm-in and West Thrace deep rights sale transactions.