Petra Petroleum completes $160.3M acquisition of Mitra Energy

On April 22, 2015, Petra Petroleum Inc, (Petra) completed the acquisition of all of the outstanding shares of Mitra Energy Limited, a private Bermuda incorporated company. The transaction constituted a reverse takeover transaction of Petra Petroleum Inc. pursuant to TSX Venture Exchange Policies.

Borden Ladner Gervais LLP represented Petra with a team led by Melinda Park that included Jonathan Poirier, Perry Feldman and Joelle Dudelzak.

McCullough O’Connor Irwin LLP acted as counsel to Mitra Energy Ltd. with a team that included Jonathan McCullough, David Gunasekera, Lisa Stewart and Lisa Andrews.