Cancana has entered a definitive arrangement where Meridian will acquire all of the issued shares

October 17, 2016

Client: Cancana Resources Corp.

Counsel to Cancana as it  enters into a definitive arrangement agreement, pursuant to which Meridian (a subsidiary of The Sentient Group) and Cancana will complete a reorganization.  Meridian will acquire all of the issued and outstanding common shares of Cancana (currently valued at C$36m) in exchange for shares of Meridian.

The Toronto team was led by Walied Soliman, Paul Fitzgerald and Lucy Liu