Transco Resources Corp., Calgary, (Toronto Venture: TRN) plans to merge with CEP International Petroleum Ltd. CEP is a private company with principal assets in eastern Russia on the Kamchatka peninsula. Upon completion of this transaction, the combined company will continue as an oil and gas exploration and development company focused on the Kamchatka peninsula. Through its Russian subsidiaries, CEP holds an 85% interest in two exploration licenses onshore in the Koriakia Region of the Kamchatka peninsula. Holders of CEP and Transco common shares will receive one share of the combined company for each CEP or Transco share held. Research Capital Corp. is advisor to Transco.
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