Petrox Extends Shanghai Energy Merger Deal

The agreement providing for the proposed amalgamation transaction between Petrox Resources Corp. and Shanghai Sinooil Energy Holding Corp., which was to have expired on March 31, 2015, has been extended to expire on Aug. 31, 2015, with a proposed closing date of June 30, 2015. The amalgamation is subject to financial and regulatory conditions that have yet to be satisfied or waived. Calgary-based Petrox Resources Corp is a junior oil and gas company.

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