Monday 21 September 2020
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wn.com - 1 month ago

TransAtlantic Petroleum Announces Entry into Agreement and Plan of Merger and Loan and Security Agreement

HAMILTON, Bermuda, Aug. 07, 2020 (GLOBE NEWSWIRE) -- TransAtlantic Petroleum Ltd. (TSX: TNP) (NYSE American: TAT) (the Company or TransAtlantic ) today announced that the Company has entered into an Agreement and Plan of Merger and a Loan and Security Agreement. Agreement and Plan of Merger On August 7, 2020, the Company entered into an Agreement and Plan of Merger (the Merger Agreement ), by and among the Company, TAT Holdco LLC, a Texas limited liability company ( Parent ) controlled by a group of holders (the Preferred Shareholder Group ) representing 100% of the Company s outstanding 12.0% Series A Convertible Redeemable Preferred Shares (the Series A Preferred Shares ), and TAT...


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