Cap-Link Ventures Completes Acquisition of Petrodorado and $75M Brokered Private Placement

On December 22, 2009, Cap-Link Ventures Ltd. acquired Petrodorado Ltd. for the purchase price of $25 million through the issuance of common shares of Cap-Link. In conjunction with the acquisition, Cap-Link completed an offering of subscription receipts for gross proceeds of $75 million, through a syndicate of underwriters led by Canaccord Capital Corporation, including Genuity Capital Markets, Macquarie Capital Markets Canada Inc. and Raymond James Ltd.

Cap-Link, through its wholly owned subsidiary Petrodorado, is a Canadian-based international junior energy company with exploration operations in South America, with an initial focus on Columbia, Peru and Paraguay.

Cap-Link was represented by Fasken Martineau DuMoulin LLP with a team led by Iain Mant that included Benjamin Lee, Prentice Durbin and Chelsea Bushfield.

Petrodorado was represented by Fraser Milner Casgrain LLP, with a team led by Eugene Chen (M&A), that included Shannon Ward (M&A) and Kevin Scott (tax).

The underwriters were represented by McCarthy Tétrault LLP, with a team led by Mark Eade, that included Mark Hawkins and Mischa Zajtmann.