Pacific Rubiales Energy Corp. has purchased an additional 50 million common shares in the capital of Pacific Infrastructure Inc. at a price of U.S.$1.00 per share for an aggregate investment of U.S.$50 million.
This latest investment by the Company in Pacific Infrastructure has been made in connection with a letter of intent dated March 26, 2012 pursuant to which the Company agreed to purchase up to 140 million common shares in the capital of Pacific Infrastructure, as previously announced by the Company on March 28, 2012.
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Pacific Rubiales Energy Corp.
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