09:56 AM EST - Pacific Rubiales Energy Corp : announced today that it closed the acquisition of C&C Energia Ltd. by way of a plan of arrangement. Pursuant to the Arrangement, a new exploration company, Platino Energy Corp. was formed. 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 of a common share of Pacific Rubiales (approximately 22.8 million Pacific Rubiales common shares), $0.001 cash and one common share of Platino. Pacific Rubiales has retained a 5% equity interest in Platino. Pacific Rubiales Energy Corp
shares T.PRE are trading up $0.43 at $23.54.
