BPZ Energy (
), an independent oil and gas exploration and production company,
today announced that the Peruvian Government has signed the Supreme
Decree authorizing Perupetro to execute the amendment to the Block
Z-1 License to add Pacific Rubiales Corp. (PRE.TO) to the Z-1
Meanwhile, C&C Energia Ltd. (CZE.TO) announced that today
Pacific Rubiales closed the acquisition of C&C Energia by way
of plan of 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.
The shares of C&C Energia are expected to be delisted from
the Toronto Stock Exchange on or about January 3, 2013.
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