Verenex announces extension to MOU with Libyan Investment Authority

CALGARY, Oct. 20 /CNW/ - Verenex Energy Inc. ("Verenex") (VNX - TSX) announced today that negotiations with the Libyan Investment Authority (the "LIA") and its legal and other advisors on the definitive agreement for the acquisition of Verenex by the LIA, contemplated in the memorandum of understanding announced on September 18, 2009 (the "MOU"), are progressing consistent with the terms outlined in the MOU but require additional time to be completed. Accordingly, an extension to the MOU has been agreed which provides for signing of the definitive agreement on or before November 6, 2009.

For further information: For further information: Jim McFarland, President & CEO, Verenex Energy Inc., Telephone: (403) 536-8009 or Ken Hillier, Chief Financial Officer, Verenex Energy Inc., Telephone: (403) 536-8005,

Organization Profile


More on this organization

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890