Verenex Energy Inc. completed the previously announced plan of arrangement. The Arrangement was carried out pursuant to the arrangement agreement dated November 5, 2009 among Verenex, the Libyan Investment Authorityand a subsidiary of the LIA.
Under the Arrangement, the LIA, through its subsidiary, acquired all of the issued and outstanding Verenex shares at a price per share equal to $7.0906 plus an additional working capital amount per share in the amount of $0.1976........................................Full Press Release: Source
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