Vetra Acquisition, a wholly-owned subsidiary of VETRA Holding S.a.r.l., today commenced mailing of a letter to shareholders of Suroco Energy Inc., accompanied by a Notice of Variation, disclosing that it has increased the price of its offer to purchase all of the common shares of Suroco and addressed concerns raised by Suroco. The letter and Notice [...]
Suroco Energy announced that on June 11, 2014 its Board of Directors unanimously recommended that Suroco shareholders continue to vote their common shares in the capital of Suroco IN FAVOUR of the proposed plan of arrangement with Petroamerica Oil and REJECT the unsolicited offer from Vetra Acquisition Ltd., a wholly owned subsidiary of VETRA [...]
Suroco Energy reminds its shareholders that ISS Proxy Advisory Services has published a report recommending their clients vote IN FAVOUR of the previously announced arrangement transaction with Petroamerica Oil and that the recently announced hostile bid by Vetra Holding does not appear compelling enough to warrant a change in its voting [...]
Suroco Energy announces that its Board of Directors unanimously recommends that Suroco shareholders REJECT the unsolicited cash offer from Vetra Acquisition Ltd., a wholly owned subsidiary of VETRA Holding to acquire the issued and outstanding common shares of Suroco. Commenting on behalf of Suroco's Board of Directors, Daryl Gilbert, Chairman of [...]
Suroco Energy announces that ISS Proxy Advisory Services has published a report recommending their clients vote IN FAVOUR of the previously announced arrangement transaction with Petroamerica Oil Corp. and that the recently announced hostile bid by Vetra Holding does not appear compelling enough to warrant a change in its voting recommendation.
Suroco Energy is responding to the June 9, 2014 press release of Vetra Acquisition, a wholly owned subsidiary of VETRA Holding S.a.r.l., wherein it announced an offer to acquire the issued and outstanding common shares of Suroco at $0.60 per share. Vetra's offer and takeover bid circular was filed on Suroco's profile on SEDAR at www.sedar.com on [...]
Suroco Energy is pleased to announce that it has filed its First Quarter Financial Statements and the related Management's Discussion and Analysis for the period ended March 31, 2014 on the System for Electronic Document Analysis and Retrieval.
Suroco Energy is pleased to announce that further to its May 7, 2014 press release, its wholly owned subsidiary, Suroco Energy SLU, has completed the acquisition of a 50% interest in the Putumayo-7 Block in Colombia from Petrocaribbean Resources. Upon approval by the Agencia Nacional de Hidrocarburos of Colombia, the Corporation's 50% economic [...]
Suroco wishes to provide an update of drilling and testing operations at the Canelo Sur-2 well in the Putumayo 2 Block. Conclusion of Drilling Activities - Canelo Sur 2 Exploration Well, Putumayo 2 Block: Further to the Corporation's press release of May 7, 2014, testing operations at the Canelo Sur-2 exploration well have now been concluded. A [...]
Suroco is pleased to announce that its wholly owned subsidiary, Suroco Energy SLU, has entered into a definitive agreement with Petro Caribbean Resources Ltd. and PetroGranada Colombia Limited to acquire a 50% interest in the Putumayo-7 Block in Colombia from PCR. Consideration payable by Suroco under the Agreement is the payment to PCR of [...]
Suroco Energy is pleased to announce that it has filed its Audited Consolidated Financial Statements and the related Management's Discussion and Analysis for the year ended December 31, 2013 and its Annual Information Form for the year ended December 31, 2013 on the System for Electronic Document Analysis and Retrieval. Copies of these documents [...]
Suroco Energy is pleased to announce that it has entered into an arrangement agreement with Petroamerica Oil whereby Petroamerica has agreed to acquire all of the issued and outstanding common shares of Suroco by way of a statutory plan of arrangement under the Business Corporations Act (Alberta). Pursuant to the terms of the Arrangement Agreement [...]
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