UPDATE: Pacific Rubiales Added To Peru License Contract; Completes C&C Energia Buy

By
A A A

BPZ Energy ( BPZ ), 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 License Contract.

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. (PZE.V).

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



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

Copyright (C) 2014 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


This article appears in: Investing , Commodities

Referenced Stocks: BPZ

MT Newswires

MT Newswires

More from MT Newswires:

Related Videos

The Pumpkin Carvers
The Pumpkin Carvers                 

Stocks

Referenced

100%

Most Active by Volume

41,392,337
  • $97.605 ▲ 3.05%
24,697,987
  • $45.19 ▲ 0.80%
17,355,433
  • $22.41 ▼ 9.71%
17,086,163
  • $70.10 ▲ 1.20%
16,104,654
  • $15.615 ▲ 0.61%
15,895,578
  • $41.21 ▼ 14.41%
14,634,513
  • $28.795 ▲ 0.96%
11,774,919
  • $97.20 ▲ 0.61%
As of 7/23/2014, 10:57 AM