Desco Energy Ltd and Arcan Resources Ltd amalgamate

Date Closed: 1/01/2007

Value: Undisclosed

Desco Energy Ltd., a TSX Venture exchange listed oil and gas exploration and development company, and Arcan Resources Ltd. amalgamated on January 1, 2007. The newly merged company will continue under the name Arcan Resources Ltd. The transaction, constituted a reverse take-over of Desco by Arcan pursuant to the policies of the TSXV.

Desco was represented by BLG with a team that included Bill Guinan, Steve Pearson, Anthony Rasoulis, Louise Lee and Jim Williams.