Petra Petroleum Inc. completes C$160.3 million acquisition of Mitra Energy Ltd.

Date closed: 4/22/2015

Value: C$160.3 million

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.

Petra, headquartered in Vancouver, British Columbia, is an oil and gas exploration and development company.

BLG represented Petra with a team led by Melinda Park that included Jonathan Poirier, Perry Feldman and Joëlle Dudelzak.