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 T├ętrault LLP, with a team led by Mark Eade, that included Mark Hawkins and Mischa Zajtmann.

Lawyer(s)

Shannon K. Ward Iain Mant Mark Hawkins Prentice Durbin Mark G. Eade Chelsea Hunter Kevin Scott Benjamin H. Lee Eugene Chen