The TSX Venture Exchange has accepted for filing documentation pursuant to a share purchase agreement between DualEx Energy International Inc. and shareholders of Murelle Enterprises Inc., a non-arm's-length party, whereby the company will acquire the issued and outstanding shares of Murelle. Murelle has an oil and gas property producing seven barrels a day located in Alberta, along with approximately $56,000 of annual-effective-rate (AER) deposits. There are possible future abandonment liabilities which would equal approximately the AER deposits. In consideration, the company will issue five million common share units issued at a price of one cent per unit. Each unit comprises one common share and a half warrant, with each whole warrant exercisable for one common share at the exercise price of 1.5 cents per common share for a period of two years.

Insider:  Highrange Capital Corp. (Brad Porter), one million