On January 13, 2016, Gran Tierra Energy Inc. (Gran Tierra) completed the acquisition of all of the issued and outstanding common shares of Petroamerica Oil Corp. (Petroamerica), valued at $136,835,985, by way of plan of arrangement under the provisions of the Business Corporations Act (Alberta). The acquisition is a first step in Gran Tierra’s strategy to grow and diversify its portfolio throughout the productive basins in Colombia.
Gran Tierra was represented by Christopher Nixon, Ben Hudy and Patrick McNally (corporate/M&A), Kris Noonan (employment) and David Weekes (tax) of Stikeman Elliott LLP. Vinson & Elkins LLP advised as US counsel to Gran Tierra Energy Inc.
Petroamerica Oil Corp. was represented by Dentons Canada LLP with a team led by Chris Manderville (corporate) and which included Adrienne O’Reilly, Bruce MacPhail, Jessica Myers (corporate) and Walter Van Dorn (Dentons US LLP, corporate).