BRIEF-Antler Hill and Petrophoenix intend to complete a three cornered amalgamation

Mon Sep 19, 2016 4:17pm EDT
 
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Sept 19 (Reuters) - Antler Hill Oil & Gas Ltd

* Says Antler Hill and Petrophoenix intend to complete a three cornered amalgamation

* Says will incorporate a new wholly owned subsidiary which will amalgamate with Petrophoenix to form a new company

* Under agreement Antler Hill will complete a 1:10 consolidation of its issued and outstanding common shares

* Says Antler Hill and Petrophoenix intend to complete a three cornered amalgamation

* Deal for an aggregate purchase price of c$5 million

* Antler Hill entered into a letter agreement with Petrophoenix dated September 13, 2016 Source text for Eikon: Further company coverage: