Parex Resources Inc. acquires Verano Energy Limited

Parex Resources Inc. and Verano Energy Limited completed a plan of arrangement pursuant to which Parex acquired all the issued and outstanding shares of Verano for an approximate total value of $198 million.

Parex is a Canadian oil and gas company that is involved in crude oil exploration, development and production with properties focused in south America and the Caribbean region.

Verano is a privately owned oil and gas exploration and production company headquartered in Calgary, with operations exclusively in Colombia.

Parex was represented by Burnet, Duckworth & Palmer LLP with a team including Bruce Allford, Lindsay Cox and Sylvie Welsh (securities), Mark Houston (energy) and Jody Wivcharuk (competition); and by Anthony Strawson of Felesky Flynn LLP (tax).

Verano was represented by Dentons Canada LLP with a team including Chris Manderville, Adrienne O'Reilly, Bruce MacPhail, Peter Yates and Danielle Mayhew (securities) and Sebastian Elawny (tax).


Peter W. Yates Lindsay P. Cox Mark T. Houston R. Bruce Allford Jody L. Wivcharuk Christopher B. Manderville Anthony V. Strawson Adrienne O'Reilly Bruce L. MacPhail S. Sebastian Elawny


Burnet, Duckworth & Palmer LLP Dentons Canada LLP Felesky Flynn LLP