Toscana Energy Income Corp TEI.TO :
* TOSCANA ENERGY ANNOUNCES ACQUISITION OF CORTONA ENERGY LTD.
* TOSCANA ENERGY INCOME CORP-ENTERED INTO A SHARE PURCHASE AGREEMENT TO ACQUIRE 100% OF CORTONA ENERGY LTD FOR AGGREGATE CONSIDERATION OF ABOUT $12 MILLION
* TOSCANA ENERGY INCOME- CO WILL REPAY CURRENT DEBT OF CORTONA THAT IS EVIDENCED BY NOTE IN AMOUNT OF $11.16 MILLION PLUS UNPAID ACCRUED INTEREST AND EXPENSES
* TOSCANA ENERGY INCOME - DEAL WILL CONSOLIDATE CO'S LARGE OIL IN PLACE IN CARMANGAY BARONS OIL POOL, ADDING ABOUT 250 BOES/D OF LIGHT OIL PRODUCTION