UNX Energy Corp. says that a Management Information Circular outlining the proposed transaction with HRT Participações em Petróleo S.A. (HRT) was mailed on April 6th, 2011 to all shareholders of record as of the close of business on Thursday March 31st, 2011. The Special Meeting for the proposed transaction will occur on April 27th, 2011, at the offices of McCarthy Tétrault LLP, Suite 3300, 421 - 7th Avenue S.W. Calgary, Alberta at 9:00 a.m. (Mountain Standard Time).

UNX would like to highlight an important change with respect to the proposed transaction. The Brazilian tax on securities transactions (IOF securities tax) that was originally calculated and announced on February 24th, 2011 as being 1.88% resulting in a net share ratio of 0.005474 UNX common shares per HRT common share has now been confirmed at 1.5%. This results in an effective increase in the net share ratio to 0.005495 HRT common shares for each UNX common share.

The Company also declared that UNX and HRT will conduct investor meetings in the following cities: Houston, Texas, on April 12th, New York, New York, on April 13th, Toronto, Ontario, on April 14th, and London, England, on April 15th. UNX and HRT will be showcasing the strategic merits of the proposed transaction between UNX and HRT, in addition to updating investors on other corporate activity in both Namibia and Brazil.

Tags: UNX Energy Corp.