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Quetzal Energy kills plan to spin out Guatemalan assets into separate company

Friday, July 22, 2011

\ Quetzal Energy says it will not go ahead with a previously announced plan to spin out its Guatemalan assets into a separate publicly traded company. The Calgary-based company says its board of directors will review several strategic alternatives to maximize shareholder value of the assets in Guatemala.\ \ The junior oil and gas company says its board of directors will examine other compensation plans that will enable Quetzal to continue to attract and retain talented employees.\ \ Original source: Canadian Press\ \ \ \ \