Petroamerica Oil Corp. and Suroco Energy Inc. say that the previously announced plan of arrangement under the provisions of the Business Corporations Act (Alberta) among Petroamerica, Suroco and the shareholders of Suroco was voted on and overwhelmingly approved by holders (Suroco Shareholders) of common shares of Suroco (Suroco Shares) at the reconvened Annual General and Special Meeting of Suroco Shareholders held on July 14.

Holders of over 78% of the outstanding Suroco Shares voted at the Meeting, with approximately 91.5% voting in favour of the Arrangement. The Arrangement also received approval from the Court of Queen's Bench of Alberta on July 14, 2014.

Tags: Petroamerica Oil Corp, Suroco Energy