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CALGARY, ALBERTA--(Marketwire - Nov. 15, 2011) - OPTI Canada Inc. ("OPTI" or the "Company") (TSX VENTURE:OPC) is pleased to announce that the Minister of Industry, under the Investment Canada Act, has approved the proposed acquisition of OPTI by indirect wholly-owned subsidiaries of CNOOC Limited (the "Acquisition") upon determination that the transaction is likely to be of net benefit to Canada. Completion of the Acquisition remains conditional on satisfaction of other customary conditions. Subject to the satisfaction or waiver of all conditions precedent, it is anticipated that the Acquisition will be completed prior to December 1, 2011. |
