UNX Energy Corp. Securityholders approve Arrangement with HRT Participações em Petróleo S.A.; Final court approval received

CALGARY, April 27 /CNW/ -- 
CALGARY, April 27 /CNW/ - UNX Energy Corp. ("UNX") is pleased to
 announce that on April 27, 2011 UNX securityholders voted at a special
 meeting (the "Meeting") to approve the Plan of Arrangement ("the
 Arrangement") involving UNX, HRT Participações em Petróleo S.A.  ("HRT") and securityholders of UNX.  The Arrangement was ratified by
 99.08% of the votes cast at the Meeting.  In addition, a "majority of
 the minority" of the votes cast approved the Arrangement.  32,387,543
 common shares and options were voted representing 27.38% of the fully
 diluted outstanding common shares of UNX.  In addition, UNX received
 the final court order approving the Arrangement the afternoon of April
 27, 2011.  Closing of the transaction, which is currently expected to
 occur on or about April 29, 2011, is subject to the satisfaction of the
 remaining closing conditions set out in the management information
 circular dated April 1, 2011 ("the Circular").


"We are pleased with the favourable outcome of the securityholders
 vote," said Mr. Duane Parnham, Chairman of UNX.  "We look forward to
 concluding the proposed combination with HRT as their scientific
 expertise, progressive management, and strong capitalization will help
 our shareholders and stakeholders to continue to benefit from the
 potential of the combined portfolio. We are also excited about HRT's
 dedication to the Namibian people and economy, and the country's
 ambitions for an independent energy future. The combination of UNX and
 HRT is a step in the direction of developing the full potential of our
 Namibian assets for both the Namibian people and our shareholders."


"This is a great day for Namibia. The combination of HRT and UNX brings
 the capital, leading experts in offshore energy exploration, and the
 program to lead to oil development in our great country. With our new
 partners, HRT, Namibia is well positioned to realize its goal of energy
 independence," said Mr. Knowledge Katti, Director and Namibian
 representative of UNX.


Details of the Arrangement and other matters are set out in full in the
 Circular.  A copy of the definitive agreement, the Circular, and other
 meeting materials can be found on UNX's profile on SEDAR at www.sedar.com or the company's website at www.unxenergy.com.


About UNX Energy Corp.


UNX Energy Corp. is a junior, independent oil and gas company, focused
 on exploration for crude oil in offshore Namibia, Africa. Headquartered
 in Calgary, Alberta, Canada, UNX's asset base consists of approximately
 51,000 square kilometres (approximately 32,000 net) of offshore
 acreage, strategically located along the prolific South Atlantic
 Margin. Development of these highly prospective blocks is being
 advanced by an experienced management team, qualified technical staff
 and strong in-country relationships. UNX employs strategic technical
 expertise to optimize the probability of exploration success in the
 region. UNX is committed to conducting its business in a socially and
 environmentally responsible manner, ultimately working towards the goal
 of sustainable development in Namibia's oil and gas sector for the
 benefit of all stakeholders.


About HRT Participações em Petróleo S.A. 


HRT Participações em Petróleo S.A. holds one of the largest independent
 oil and gas exploration and production companies in Brazil. The HRT
 Group comprises three main subsidiaries: HRT O&G Exploração e Produção
 de Petróleo Ltda., IPEX (Integrated Petroleum Expertise Company
 Serviços em Petróleo Ltda.) and HRT Netherlands B.V. The Company
 retains a 55% interest in 21 exploratory blocks in the Solimões Basin.
 HRT also operates five exploratory blocks on the Namibian coast. The
 Company retains a 100% interest in two of them, in the Walvis
 Sub-basin, and a 40% interest in the other three, in the Orange
 Subbasin. HRT's team includes PhDs and masters in geochemistry,
 geophysics, biology and engineering, most of them former employees of
 Petrobras and ANP (Brazil's petroleum agency). HRT is committed to
 minimizing any possible environmental impacts in the sites where it
 acts. Its commitment with the local communities is towards health
 conditions, security and quality of life. For more information, please
 visit the Company's website: www.hrt.com.br/ir


On Behalf of the Board of Directors of UNX Energy Corp.


Duane Parnham
Chairman


For further information visit our website at www.unxenergy.com
Sedar Profile #00016276


Forward Looking Information


This document contains forward-looking information and statements.  All
 information and statements other than statements of historical fact
 contained in this document are forward-looking information and
 statements, including, without limitation, statements regarding the
 Arrangement, future financial position, business strategy, proposed
 acquisitions or dispositions, and plans and objectives of or involving
 UNX or HRT.  Securityholders can identify many of these statements by
 looking for words such as "believe", "expects", "intends", "projects",
 "anticipates", "estimates", "continues" or similar words suggesting
 future outcomes or statements regarding an outlook or the negative
 thereof.  These forward-looking statements may include, but are not
 limited to, statements with respect to: the Arrangement, business
 strategy and objectives, exploration plans, development plans,
 acquisition and disposition plans and the timing thereof, the timing of
 various steps in the Arrangement including closing, and the
 satisfaction of listing conditions.  There can be no assurance that the
 plans, intentions or expectations upon which these forward-looking
 statements are based will occur.  Forward-looking information and
 statements are subject to risks, uncertainties and assumptions,
 including those discussed in the Circular, which readers of this
 document are urged to read in its entirety.  Although UNX believes that
 the expectations represented in such forward-looking information and
 statements are reasonable, there can be no assurance that such
 expectations will prove to be correct.  Some of the risks which could
 affect future results and could cause results to differ materially from
 those expressed in the forward-looking information and statements
 contained herein include: the impact of general economic conditions,
 industry conditions, satisfaction of closing conditions listed in the
 Circular, governmental regulation including the timely receipt of
 required regulatory approvals, volatility of commodity prices and other
 matters beyond the control of UNX and HRT.  Readers are cautioned that
 the foregoing list is not exhaustive.  Forward-looking statements or
 information are based on current expectations, estimates and
 projections that involve a number of risks and uncertainties which
 could cause actual results to differ materially from those anticipated
 by UNX and HRT and described in the forward-looking statements or
 information


Neither the TSX Venture Exchange nor its Regulation Services Provider
 (as that term is defined in the policies of the TSX Venture Exchange)
 accepts responsibility for the adequacy or accuracy of this release.



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