Kroes Energy Resumes Trading
Kroes Energy Inc. reported that its shares have resumed trading pursuant to the TSX Venture Exchange accepting the submission of a geological report by Vecta Energy Corp. and filing of Personal Information Forms by the new and continuing directors of the Company.
As previously announced, Kroes and Vecta will merge, as equals, all of their businesses and operations. The merger will be accomplished by Kroes making a take-over bid for all of the issued and outstanding shares of Vecta. It is expected that the transaction will be a "Fundamental Acquisition" pursuant to TSX Venture Exchange Policy 5.3.