09:46 AM EST - Spartan Oil Corp : and Bonterra Energy Corp. announced that they have completed their previously announced business combination whereby Bonterra has acquired all of the issued and outstanding common shares of Spartan by way of a plan of arrangement under the Business Corporations Act (Alberta). The total transaction value for Bonterra to acquire the Spartan Shares, including $8 million of positive working capital and no debt, is approximately $480 million (Bonterra Share price of $45.50). It is anticipated that Spartan Shares will be de-listed from the Toronto Stock Exchange within three business days. Spartan Oil Corp
shares T.STO are trading down $0.01 at $5.30.
