Mississauga, ON -- (SBWire) -- 05/17/2013 --AllPennyStocks.com Media, Inc. (http://www.AllPennyStocks.com/) announces its latest article titled “Tuscany Energy and Diaz Resources to Merge Businesses.”

Companies mentioned in this article include Tuscany Energy Ltd. (TSX-Venture:TUS) and Diaz Resources Ltd. (TSX-Venture:DZR).

Article Excerpt:

We’ve said before that there could be an increase in merger and acquisition activity throughout 2013 and into 2014 as developmental metal and energy companies listed on the Toronto Venture Exchange look for ways to bolster valuations in a tough mining and drilling climate for junior firms. We also expect to see more companies partnering in exploration efforts to help shoulder expenses, whether for metals or energy material.

Friday morning, Tuscany Energy Ltd. (TSX-Venture:TUS) and Diaz Resources Ltd. (TSX-Venture:DZR) announced that they have entered into a definitive agreement to combine operations whereby Tuscany will acquire all of Diaz’s issued and outstanding shares through a share exchange. Per the deal, which is still subject to customary approvals, shareholders of Diaz will receive 0.31 shares of Tuscany. Shares of Tuscany are then slated to be consolidated through an 8:1 reverse split.

The full version of this article can be found at:
http://www.allpennystocks.com/aps_ca/special-reports/348/tuscany-energy-and-diaz-resources-to-merge-businesses.htm

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