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Pacific Rubiales Energy Corp Acquires C&C Energia Ltd.

Monday, 31 Dec 2012 12:56pm EST 

Pacific Rubiales Energy Corp announced that it has 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 .