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Track Drilling (Rigs by operator) | Completions (Frac Spreads)

One-Page Deal Sheet

Colombia-Focused Canacol Acquires Shona Energy

Canacol Energy Ltd. Shona Energy Company Inc.
AnnouncedFeb 13, 2013
TypeCorporate
Announced Date
February 13,2013
Close Date
December 21,2012
Transaction Type
Corporate




Snapshot
Asset/Basin:
{"Lower Magdalena",Caguan-Putumayo,Maranon}
Location
Region
South America

Country
Colombia


Transaction Details:  Subscribe to see

Initial Announcement - October 15, 2012

Canacol Energy Ltd. and Shona Energy Company, Inc. have entered into an agreement (the "Arrangement Agreement") whereby Canacol will acquire 100% of the issued and outstanding class "A" common shares of Shona ("Shona Common Shares") and series "A" preferred shares of Shona ("Shona Preferred Shares"), in exchange for common shares of Canacol ("Canacol Shares") and cash, by way of a statutory plan of arrangement (the "Arrangement").

The transaction is expected to close on or around December 20, 2012, provided all required Shona and Canacol securityholder…

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