2010-03-10-2009-12-22-2009-12-22

Acquired company with interests in Colombia's La Maye Block.

Cap-Link Ventures Ltd., Vancouver, (Toronto Venture: CAV) has closed its acquisition of privately held, South America-focused Petrodorado Ltd. for approximately C$25 million in stock.

Cap-Link issued 125 million shares to acquire all of the outstanding shares of Petrodorado, which is headquartered in Alberta.

Petrodorado holds a 20% working interest in the La Maye Block in Colombia, which includes four turnkey test wells. The block consists of 70,000 acres and is within the municipal districts of San Sebastian de Buenavista and San Zenon in the Department of Magdalena, and Mompos, San Fernando, Pinillos and Hatillo de Loba in the Department of Bolivar.

In conjunction with the acquisition, Cap-Link raised C$75 million through a private placement led by Canaccord Financial Ltd. that also included Genuity Capital Markets, Macquarie Capital Markets Canada Inc. and Raymond James Inc.

Upon the closing of the acquisition Robert Cross, Krishna Vathyam, Iftikar Ahmed and Young Bae Ku were named directors of the company, succeeding Robert Thast, Geoff Carrington and Sarge Berner, who resigned. Cross will also be named chairman, while Vathyam will be appointed president and chief executive officer and Daniel Belot will be made chief financial officer.

Stephen Barley will resign as president and chief executive but will continue as a director. Kurt Bordian will also continue as a director.