Business NewsMarketWire • Denovo Provides Update on Proposed Qualifying Transaction

Denovo Provides Update on Proposed Qualifying Transaction

Denovo Provides Update on Proposed Qualifying Transaction

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 11, 2011) - Denovo Capital Corp. ("Denovo" or the "Corporation") is pleased to announce that has entered into a definitive share exchange agreement (the "Share Exchange Agreement") in respect of its previously announced acquisition of all the issued and outstanding shares of Canmex Holdings (Bermuda) I Ltd. ("Canmex I") from Africa Oil Corp. ("Africa Oil"), which transaction (the "Transaction") is intended to constitute the Corporation's "qualifying transaction" under the applicable policies of the TSX Venture Exchange (the "TSX-V"). The Share Exchange Agreement and the Transaction are described in greater detail below.

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