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Canacol Energy Ltd And Shona Energy Company Inc Announce Merger
Canacol Energy Ltd (Canacol) and Shona Energy Company Inc (Shona) announced that both companies have reached an agreement to join businesses of both companies. According to the agreement, Canacol will acquire 100% of class A common shares of Shona and series A preferential shares of Shona in exchange for cash and common shares of Canacol. The transaction is expected to be concluded on December 20, 2012. No further details were disclosed.
Latest Developments for Canacol Energy Ltd
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- Canacol Energy Ltd Announces Further Details On Merger With Shona Energy Company Inc; Reaches Settlement With Shona Energy Company Inc
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