Canacol Energy acquires Shona Energy

The shareholders of Shona Energy Company, Inc. approved the Plan of Arrangement. The company will be acquired by Canacol Energy Ltd. Shareholders of Shona Energy will receive 1.0573 shares of Canacol Energy and $CDN0.0896 cash per share held. Shona Energy was removed from the S&P/TSX Venture Composite Index yesterday after the close.

By Staff | December 18, 2012 | Last updated on December 18, 2012
1 min read

The shareholders of Shona Energy Company, Inc. approved the Plan of Arrangement. The company will be acquired by Canacol Energy Ltd.

Shareholders of Shona Energy will receive 1.0573 shares of Canacol Energy and $CDN0.0896 cash per share held.

Shona Energy was removed from the S&P/TSX Venture Composite Index yesterday after the close.

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