Petro Vista Energy Agress to Sell Capital of Petropuli

- December 8th, 2011

Petro Vista Energy Corp. (TSXV:PTV) reported that Petro Vista Energy Colombia, has signed an agreement to sell all of the issued capital of Petropuli Ltd to Deep Core Inc.

Petro Vista Energy Corp. (TSXV:PTV) reported that Petro Vista Energy Colombia, has signed an agreement with Deep Core Inc. to sale all of the issued capital of Petropuli Ltd to Deep Core Inc.

As quoted in the press release:

Under the terms of the Agreement, Deep Core will acquire Petropuli for the following consideration:

  • US$1,500,000 cash in closing;
  • US$250,000 cash 90 days from closing (subject to any post-closing adjustment); and
  • the assumption of all of Petropuli’s liabilities (US$3.1 million).

Click here to read the Petro Vista Energy Corp. (TSXV:PTV) press release.

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