Americas Petrogas completes C$17.25 million unit offering

Date Closed: 06/10/2014

Value: C$17.25 million

On June 10, 2014, Americas Petrogas Inc. (the Company or Americas Petrogas) announced that it had s​uccessfully completed a short-form prospectus offering (the Offering) of 19,166,666 units (the Units) at price of $0.90 per Unit (Offering Price) for gross proceeds of $17,249,999. The proceeds of the Offering will be used to fund the Company’s ongoing exploration and development activities in Argentina.

The Offering was conducted by a syndicate of underwriters led by Mackie Research Capital Corporation and including RBC Dominion Securities Inc., TD Securities Inc., and Cormark Securities Inc​.

BLG represented Americas Petrogas Inc. on this short form prospectus Offering with a team led by Edward Tapuska that included Melissa Smith of BLG’s Calgary office.