Transactions & Cases Detail
Anatolia Energy completes C$71 million business combination with Bolivar Energy
December 2, 2011
Oil & Gas
71 Million CAD
On December 2, 2011, Anatolia Energy Corp. (the “Company”) closed its previously announced business combination via a three cornered amalgamation between Bolivar Energy Corp. (“Bolivar”), Anatolia Energy Inc. (“Anatolia”) and 1629683 Alberta Ltd. In connection with the amalgamation, Bolivar consolidated its outstanding common shares on the basis of one (1) new common share (“New Anatolia Share”) for each twenty (20) outstanding common shares in the capital of Bolivar. Shareholders of Bolivar also voted in favour of a continuation of Bolivar from the federal jurisdiction into Alberta, share consolidation and approved a name change of Bolivar to Anatolia Energy Corp. The Amalgamation constituted a reverse take-over under the policies of the TSX Venture Exchange. Former Anatolia shareholders received approximately 44.2 million New Anatolia Shares out of the approximately 62.1 million New Anatolia Shares issued and outstanding on a post-consolidated basis at closing.
Anatolia Energy, headquartered in Calgary, Alberta, is an international oil and gas company engaged in the exploration and development of its land holdings in Turkey and Colombia.
McCarthy Tétrault LLP represented Anatolia, with a team led by Rick Pawluk.