BOE

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S.

Americas Petrogas Inc. (TSX VENTURE:BOE) (the "Company" or "Americas Petrogas")
is pleased to announce today that it has successfully completed its previously
announced public offering (the "Offering") of 19,166,666 units (the "Units") at
price of $0.90 per Unit ("Offering Price") for gross proceeds of $17,249,999.
The Offering was conducted by a syndicate of underwriters led by Mackie Research
Capital Corporation and including RBC Dominion Securities Inc., TD Securities
Inc., and Cormark Securities Inc. (the "Underwriters"). The gross proceeds from
the Offering included the exercise, in full, of the over-allotment option
granted by the Company for 2,500,000 Units. 


Each Unit consists of one common share (each, a "Common Share") and one-half of
one Common Share purchase warrant (each whole Common Share purchase warrant, a
"Warrant"), with each Warrant entitling the holder thereof to acquire one Common
Share in the capital of the Company at a price of $1.125 until 36 months from
the closing date of the Offering.


The Units were distributed under a short form prospectus dated June 2, 2014 (the
"Prospectus"), a copy of which is available under the Company's profile on SEDAR
at www.sedar.com. The net proceeds from the Offering will be used as stated in
the Prospectus.


In connection with the Offering, the Underwriters will receive a cash commission
and nontransferable compensation options entitling the Underwriters to acquire
up to 575,000 Units for a period of 12 months from the closing date of the
Offering at $0.90 per Unit having the same terms as the Units comprising the
Offering.


The Units offered were not registered under the U.S. Securities Act of 1933, as
amended, and were not offered or sold in the United States absent registration
or applicable exemption from the registration requirements. This press release
shall not constitute an offer to sell or the solicitation of an offer to buy nor
shall there be any sale of the Units in any jurisdiction in which such offer,
solicitation or sale would be unlawful.


About Americas Petrogas Inc.

Americas Petrogas Inc. is a Canadian company whose shares trade on the TSX
Venture Exchange under the symbol "BOE". Americas Petrogas has conventional and
unconventional shale oil and gas and tight sands oil and gas interests in
numerous blocks in the Neuquen Basin of Argentina. Americas Petrogas has joint
venture partners, including ExxonMobil and YPF, on various blocks in the shale
oil and gas corridor in the Neuquen Basin, Argentina. Americas Petrogas also
owns an 80% interest in GrowMax Agri Corp., a private company involved in the
exploration for near-surface potash, phosphates and other minerals, and
potential development of a fertilizer project in Peru. Indian Farmers Fertiliser
Co-operative Limited (IFFCO) owns a 20% interest in GrowMax Agri Corp. For more
information about Americas Petrogas Inc., please visit www.americaspetrogas.com.



Reader Advisory 

Certain statements contained in this press release constitute "forward-looking
statements" as such term is used in applicable Canadian and US securities laws.
Any statements that express or involve discussions with respect to predictions,
expectations, beliefs, plans, projections, objectives, assumptions or future
events or are not statements of historical fact and should be viewed as
"forward-looking statements". These statements relate to analyses and other
information that are based upon forecasts of future results, estimates of
amounts not yet determinable and assumptions of management. Such forward-looking
statements involve known and unknown risks, uncertainties and other factors
which may cause the actual results, performance or achievements of the Company
to be materially different from any future results, performance or achievements
expressed or implied by such forward-looking statements, including without
limitation, those listed in the "Risk Factors" section of the Company's Annual
Information Form dated May 2, 2014 and the Prospectus (both of which may be
viewed at www.sedar.com). 


In particular, statements (express or implied) contained herein regarding the
use of net proceeds from the Offering should be viewed as forward-looking
statements. 


There can be no assurance that such forward-looking statements will prove to be
accurate as actual results and future events could vary or differ materially
from those anticipated in such statements. Accordingly, readers should not place
undue reliance on forward-looking statements contained in this news release. The
forward-looking statements contained herein are expressly qualified by this
cautionary statement. 


Forward-looking statements are made based on management's beliefs, estimates and
opinions on the date the statements are made and the Company undertakes no
obligation to update forward-looking statements and if these beliefs, estimates
and opinions or other circumstances should change, except as required by
applicable law.


NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT
TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.



FOR FURTHER INFORMATION PLEASE CONTACT: 
Americas Petrogas Inc.
Barclay Hambrook, P. Eng., MBA
President and CEO
(403) 685-1888
inquiries@americaspetrogas.com
www.americaspetrogas.com

Americas Petrogas Inc. (TSXV:BOE)
Historical Stock Chart
From Apr 2024 to May 2024

Americas Petrogas Inc. (TSXV:BOE)
Historical Stock Chart
From May 2023 to May 2024