Petrocapita Income Trust (CNSX:PCE.UN) entered into purchase and sale agreement to acquire Canadian oil and gas properties and assets from Maha Energy Inc. for CAD 1.7 million on February 9, 2017. Under the terms of transaction, assets were acquired by issuance to Maha Energy Inc., of cash due within the year and convertible debenture secured by assets in total amount of CD 1.65 million. The purchase price is subject to adjustments. The term of the debenture is 7 years, carries an interest rate of 6%, is amortized over 7 years beginning on March 15, 2017, and is convertible into common trust units of Petrocapita Income Trust on or after December 31, 2017 at the volume weighted average trading. Petrocapita Income Trust (CNSX:PCE.UN) completed the acquisition of Canadian oil and gas properties and assets from Maha Energy Inc. on February 9, 2017.