12:00 PM EST - Alange Energy Corp. : said it has entered into a definitive transaction agreement with Delavaco Energy Inc. dated September 30, 2009. Under the terms of the transaction agreement, Alange Energy said it will acquire from the shareholders of Delavaco all of the issued and outstanding common shares of Delavaco in exchange for common shares of Alange Energy. The acquisition will occur pursuant to a three-cornered amalgamation pursuant to which Delavaco will amalgamate with a wholly-owned subsidiary of Alange Energy and holders of common shares of Delavaco will receive 0.8674 Alange Energy common shares for each Delavaco common share so held in connection therewith, provided that Alange Energy shall in no circumstance be required to issue more than 142,857,143 common shares in connection with the acquisition. Alange Energy Corp.
shares V.ALE are trading down $0.02 at $0.07.
