American International Petroleum announcement.NEW YORK--(BUSINESS WIRE)--Feb. 12, 1997--AMERICAN INTERNATIONAL PETROLEUM CORPORATION ("AIPC AIPC Androgen-Independent Prostate Cancer AIPC American Italian Pasta Company (Kansas City, MO) AIPC Aquidneck Island Planning Commission (Rhode Island) ") (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :AIPN) AND MERCANTILE INTERNATIONAL PETROLEUM INC.("MIP MIP See: Monthly income preferred security ")(TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :MPT.U) are pleased to announce that they are proceeding expeditiously to obtain all consents necessary for and to close the previously announced acquisition by Mercantile International Petroleum Inc. of American International Petroleum Corporation's Colombian and Peruvian upstream oil and gas operations. American International Petroleum Corporation is engaged in oil and natural gas exploration and production in Colombia and Peru, South America, and in refining in Louisiana. Mercantile International Petroleum Inc. is an "oil exploitation" company having a stated operating strategy of exploiting oil fields that have had some history of production, are on-shore and outside of the jungle, and have reasonable logistics. The company is listed on the Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. , and is traded in U.S. dollars. CONTACT: American International Petroleum Corporation Denis J. Fitzpatrick, 800/298-AIPC |
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