Quetzal Energy Ltd. Elects to Not Proceed With Spin Out of Guatemalan Assets

Quetzal Energy Ltd. (TSXV:QEI) announces that it will not proceed with the arrangement to spin out its Guatemalan assets.

The press release is quoted as saying:

Quetzal is a junior oil and gas company with its primary assets in the Llanos Basin of Colombia; the Company also has oil and gas assets in Guatemala.

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