Brief: Condor Petroleum to acquire Marsa Energy

Condor Energies

07/01/2016 23:43

Jan 7 (Reuters) - Condor Petroleum Inc  CPI.TO : 
 * To acquire Marsa Energy 
 * All Marsa shares will be exchanged for Condor shares based on exchange ratio 
   of 1.84326 Condor shares for each Marsa share 
 * Says arrangement agreement also provides for a reciprocal non-completion fee 
   of $250,000 
 
 * Source text for Eikon  urn:newsml:reuters.com:*:nMKWLCy8ka 
 
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