Petrocapita Income Trust (CNSX:PCE.UN) is looking for acquisition opportunities. Petrocapita is proceeding with its offering of up to $20-million of Series 1 preferred trust units of the trust by way of an exempt market offering. Petrocapita intends to use the net proceeds from the Offering principally to acquire and develop oil and gas properties and related infrastructure assets, or interests therein, in the Lloydminster and surrounding area of Alberta and Saskatchewan.