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.

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.