One-Page Deal Sheet
Colombia-Focused Canacol Acquires Shona Energy
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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