BRIEF-Ace Enexor Inc Announces Property-For-Share Swap With AC Energy Corp

Oct 19 (Reuters) – Ace Enexor Inc:

• ACE ENEXOR INC ANNOUNCES APPROVAL OF A PROPERTY-FOR-SHARE SWAP WITH AC ENERGY CORP

• ACEN TO ASSIGN STAKES IN PALAWAN55 EXPLORATION & PRODUCTION CORP & OTHERS VALUED AT 3.39 BILLION PESOS IN EXCHANGE FOR 339 MILLION SHARES

• SHARES TO BE ISSUED TO ACEN FOR AT 10.00 PESOS PER SHARE

• ACE ENEXOR INC ANNOUNCES APPROVAL FOR STOCK RIGHTS OFFER OF UP TO 105 MILLION SHARES AT 10.00 PESOS PER SHARE

Source text for Eikon: ID:nPSX6cNR8T

Further company coverage: ACEN.PS ACEX.PS

(Reuters.Briefs@thomsonreuters.com)