This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

C&C Energia Ltd. Is Acquired By Pacific Rubiales Energy Corp.

TORONTO, Dec. 31, 2012 /PRNewswire/ - C&C Energia Ltd. (C&C Energia) is pleased to announce that today Pacific Rubiales Energy Corp. (TSX: PRE; BVC: PREC; BOVESPA: PREB) (Pacific Rubiales) closed the acquisition of C&C Energia by way of plan of arrangement (the Arrangement).

With the completion of the Arrangement, Pacific Rubiales has acquired all of the issued and outstanding shares of C&C Energia and each share of C&C Energia has been exchanged for 0.3528 common shares of Pacific Rubiales, Cdn. $0.001 cash and one common share of a new exploration company, Platino Energy Corp. (TSXV: PZE).

The shares of C&C Energia are expected to be delisted from the Toronto Stock Exchange on or about January 3, 2013.

Advisories

Cautionary Note Concerning Forward-Looking Statements

This press release contains forward-looking statements and information concerning the anticipated date of the delisting of the shares of C&C Energia from the Toronto Stock Exchange.  C&C Energia has provided this anticipated date in reliance on certain assumptions that it believes are reasonable at this time, including assumptions as to the timing of receipt of the necessary regulatory approvals.  This date may change for a number of reasons, including the inability to secure necessary regulatory approvals in the time assumed or the need for additional time to secure such approvals.  Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this press release concerning the time for the delisting of the shares of C&C Energia from the Toronto Stock Exchange.

SOURCE Pacific Rubiales Energy Corp.

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,034.93 +208.63 1.17%
S&P 500 2,100.40 +19.22 0.92%
NASDAQ 4,994.6020 +62.7870 1.27%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs