The shareholders of Shona Energy Company, Inc. (TSXVN:SHO) have approved the Plan of Arrangement whereby the company will be acquired by Canacol Energy Ltd. (TSX:CNE). Shareholders of Shona Energy will receive 1.0573 shares of Canacol Energy and $CDN0.0896 cash per share held.
Shona Energy will be removed from the S&P/TSX Venture Composite Index after the close of Monday, December 17, 2012.
