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United Hunter Oil & Gas Corp. Enters Into Definitive Agreement for Reverse Take Over Transaction

CALGARY, Alberta, March 26, 2021 (GLOBE NEWSWIRE) -- United Hunter Oil & Gas Corp. ("UHO" or the "Corporation") (TSX Venture: USO) (Frankfurt: 18U1), is pleased to announce that it has entered into a definitive agreement dated March 26, 2021 (the "Business Combination Agreement") with Bocana Resources Ltd. ("Bocana"), to complete a reverse takeover transaction ("Transaction"), pursuant to which the Corporation will acquire all of the issued and outstanding securities of Bocana. Pursuant to the Business Combination Agreement, the Corporation and Bocana will amalgamate (the "Amalgamation") to complete the Transaction in accordance with the policies of the TSX Venture Exchange (the "Exchange"). Upon completion of the Amalgamation, the resulting issuer will be known as "Bocana Resources Corp." (the "Resulting Issuer") and the Resulting Issuer will continue the business of Bocana. The Transaction is subject to the receipt of all necessary regulatory approvals and shareholder approvals required by applicable corporate law, including the approval of the shareholders of Bocana and the Corporation, as well as the satisfaction of conditions to closing as set out in the Business Combination Agreement. Read More

from Financial Post https://ift.tt/3rwh2q5
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