Delavaco was a private oil & gas exploration and production company headquartered in Calgary and Toronto, Canada, with a regional operations office in Bogota, Colombia. Delavaco was incorporated in November 2007. From November 2007 through 2008 the company raised funds by way of Private Placements to finance the purchase of prospective oil assets and operations. PowerOne was a member of syndicates which raised over $13 million during this time. In September 2009, Alange Energy Corp. acquired from the shareholders of Delavaco all of the issued and outstanding common shares of Delavaco in exchange for common shares of Alange Energy. PowerOne Capital Markets Limited acted as a strategic advisor for Delavaco in connection on this transaction.