Affiliate Exchange Act

Vanoil Enters Into Non-Binding Letter of Intent
VANCOUVER, BRITISH COLUMBIA– – Vanoil Energy Ltd. has entered into a non-binding letter of intent dated May 16, 2011, with respect to an arm’s length business combination under which the shareholders of a private company would receive 4.25 shares of Vanoil for every one share of the total outstanding shares of Vanoil in exchange for all the securities of the private company or its affiliate …
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