Canoel International Energy Ltd.
TSX VENTURE : CIL

Canoel International Energy Ltd.

April 28, 2010 07:43 ET

Canoel Announces Further Developments in Its Acquisition in Argentina

CALGARY, ALBERTA--(Marketwire - April 28, 2010) -

THIS PRESS RELEASE IS NOT TO BE DISTRIBUTED TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW.

Canoel International Energy Ltd. ("Canoel" or the "Company") (TSX VENTURE:CIL) wishes to announce that the Purchase and Sale Agreement relating to its proposed acquisition in Argentina has been terminated since certain conditions have not been met. Canoel continues to be interested in the acquisition and is continuing to negotiate with the seller, while progressing in arranging the financing for this acquisition. The acquisition was previously announced September 15, 2009 and February 12, 2010.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Canoel International Energy Ltd.
    Andrea Cattaneo
    Chief Executive Officer and President
    403-829-1160
    or
    Canoel International Energy Ltd.
    Jose Ramon Lopez-Portillo
    Chairman
    403-829-1160
    info@canoelenergy.com