BrazAlta Resources Corp. Announces Intention to Acquire Canacol Energy Inc. and the Planned Spin-Out of BCH Ltd.

BrazAlta Resources Corp. (TSX VENTURE:BRX) ("BrazAlta" or the "Corporation") is pleased to announce that it has entered into an arm's length binding letter of intent (the "Letter of Intent") for the acquisition of all of the issued and outstanding common shares and warrants of Canacol Energy Inc. ("Canacol") (the "Transaction"), a private Alberta company operating in South America, with agreements to purchase production and exploration assets in Colombia and on-shore Guyana.

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- Posted: 2008-06-09 09:35:52

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