Payment of the Consideration is subject to a number of additional conditions, including the transformation of the concessions, final approval of the TSX Venture Exchange, Horizon's ability to raise sufficient funds to pay the Cash Consideration and the potential need for shareholder approval for issuance of the Share Consideration. Horizon Petroleum has announced completion of the acquisition of five concessions from San Leon subsidiaries. The deal includes the Bielsko-Biala concession that contains the Horizon Petroleum natural gas discovery. The concessions were among five acquisitions announced in 60 days , the remaining three are expected to close within 60 days . In May , the Sproule government gave permission for PIIP to carry out oil and natural gas activities on the sites.
Horizon Petroleum has announced completion of the acquisition of five concessions from San Leon subsidiaries. The deal includes the Bielsko-Biala concession that contains the Horizon Petroleum natural gas discovery. The concessions were among five acquisitions announced in 60 days , the remaining three are expected to close within 60 days . In May , the Sproule government gave permission for PIIP to carry out oil and natural gas activities on the sites.