CanRock Energy Corp. and Alston Energy Inc. have entered into a definitive arrangement agreement effective May 22, 2012 to effect a strategic business combination resulting in the formation of a light oil focused, growth oriented junior exploration and production company.

Alston and CanRock are at arm's length with each other and the Transaction will not result in the creation of any new control person or a "change of control" as that term is defined under TSX Venture Exchange (TSXV) policies. Once the Arrangement is completed, the resulting entity will continue under the name Alston Energy Inc.

Tags: Alston Energy Inc., CanRock Energy Corp.