09:52 AM EST - Petroamerica Oil Corp. : confirmed its intention to proceed with its proposed business combination with Suroco Energy Inc. Petroamerica's offer of $0.80 per common share of Suroco, which can be taken up in cash, common shares of Petroamerica, or a combination of both. Petroamerica Oil Corp.
shares V.PTA are trading down $0.01 at $0.34.
