ArPetrol Ltd. Announces Completion of Consolidation
June 02 2014 - 9:45AM
Marketwired
ArPetrol Ltd. Announces Completion of Consolidation
CALGARY, ALBERTA--(Marketwired - Jun 2, 2014) - ArPetrol Ltd.
("ArPetrol" or the "Company") (TSX-VENTURE:RPT) is pleased to
announce that it has completed the consolidation (the
"Consolidation") of its issued and outstanding common shares (the
"Common Shares") on the basis of twenty-five (25) pre-Consolidation
Common Shares for each one (1) post-Consolidation Common Share.
Approximately 22,901,468 Common Shares are now outstanding and will
begin trading on a consolidated basis on the TSX Venture at market
open today.
Letters of transmittal with respect to the Consolidation are
being mailed to the Company's registered shareholders. All
registered shareholders will be required to send their share
certificates representing pre-Consolidation Common Shares, along
with a properly executed letter of transmittal, to the Company's
registrar and transfer agent, CST Trust Company ("CST"), in
accordance with the instructions provided in the letter of
transmittal. All registered shareholders who submit to CST a
completed letter of transmittal, along with their respective
certificates representing the pre-Consolidation Common Shares, will
receive in exchange new certificates representing their
post-Consolidation Common Shares. No action is required on the part
of shareholders who hold their Common Shares in brokerage accounts
or other intermediaries.
No fractional post-Consolidation Common Shares will be issued
and Common Shares will be rounded down to the nearest whole
number.
About ArPetrol
ArPetrol is a Calgary-based publicly traded company engaged in
oil and natural gas exploration, development and production and
third-party natural gas processing in Argentina, where it owns and
operates a gas processing facility with capacity of 85 million
cubic feet per day. The Company's common shares are listed on the
TSXV under the symbol "RPT".
Additional information relating to the Company is also available
on SEDAR at www.sedar.com.
ArPetrol's head office address is 700, 815 8 Avenue S.W.,
Calgary, AB T2P 3P2.
Neither the TSXV nor its Regulation Services Provider (as
defined in the policies of the TSXV) accepts responsibility for the
adequacy or accuracy of this release.
ArPetrol Ltd.Ian HabkePresident and Chief Financial OfficerMain
Telephone: 403-263-6738i.habke@arpetrol.com