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Pacific Rubiales Energy Corp Announces Intention To Make Normal Course Issuer

Monday, 29 Apr 2013 06:30am EDT 

Pacific Rubiales Energy Corp announced that it has filed a Notice of Intention with the Toronto Stock Exchange (the TSX) to commence a normal course issuer bid. Under the bid, which is subject to acceptance by the TSX, the Company will have the right to purchase up to a maximum of 31,075,887 common shares in the capital of the Company (the Common Shares) through the standard facilities of the exchanges on which the Common Shares are listed. This amount represents 10% of the public float (the issued and outstanding Common Shares not held by insiders) of the Company as of April 26, 2013, determined in accordance with the applicable rules of the TSX. The Company is proposing to commence the bid on May 1, 2013, and have it remain open until the earlier of April 30, 2014 or the date on which the Company has purchased the maximum number of Common Shares permitted under the bid. The Company has not purchased any Common Shares during the previous year pursuant to any issuer bid.