Quetzal Energy plans spinout of Guatemalan oil and gas properties to shareholders
Canada’s Quetzal Energy announced plans to spin out to shareholders its Guatemalan oil and gas properties currently held through a wholly owned subsidiary.
The plan, which is subject to shareholder approval, would create a second publicly traded company called RealPetrol.
Quetzal's other assets, comprised primarily of oil and gas assets in Colombia, would then become the focus of its management and strategic direction.
Original source: Winnipeg Free Press