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To: Goose94 who wrote (16642)	6/22/2016 7:47:43 AM
From: Goose94	Respond to of 203330

Bankers Petroleum (BNK-T) June 22, '16 is pleased to announce that the proposed plan of arrangement with affiliates of Geo-Jade Petroleum Corporation has received Ministerial approval under the Investment Canada Act. Pursuant to the Arrangement, Geo-Jade will acquire all the issued and outstanding common shares of Bankers through its affiliates at a cash price of C$2.20 per Bankers Share. Completion of the Arrangement is subject to the outstanding regulatory approval of the Chinese State Administration of Foreign Exchange (SAFE). Bankers anticipates receipt of this approval in the coming weeks and closing of the Arrangement to occur shortly thereafter in July. Following a successful completion of the Arrangement the Bankers Shares will be delisted from the Toronto Stock Exchange ("TSX") and the AIM market of the London Stock Exchange. ------------ *About Bankers Petroleum Ltd.* Bankers Petroleum Ltd. is a Canadian-based oil and gas exploration and production company focused on developing large oil and gas reserves in Albania and Eastern Europe. In Albania, Bankers operates and has the full rights to develop the Patos-Marinza heavy oilfield, has a 100% interest in the Kuçova oilfield, and a 100% interest in Exploration Block "F". In 2015 Bankers acquired an 85% interest in the rights to explore the Püspökladány Block concession within the Pannonian Basin located in north eastern Hungary. The Bankers Shares are traded on the TSX and the AIM Market in London, England under the stock symbol BNK. SOURCE Bankers Petroleum Ltd. David French, President and Chief Executive Officer, (403) 513-6930; Doug Urch, Executive VP, Finance and Chief Financial Officer, (403) 513-2691; Laura Bechtel, Investor Relations and Corporate Communications Specialist, (403) 513-3428, Email: investorrelations@bankerspetroleum.com , Website: www.bankerspetroleum.comc; AIM NOMAD: Canaccord Genuity Limited, Henry Fitzgerald-O'Connor, +44 0 207 523 8000; AIM BROKER AND FINANCIAL ADVISOR: FirstEnergy Capital LLP, Hugh Sanderson / David van Erp, +44 0 207 448 0200Copyright http://www.bankerspetroleum.com/