Caracal Energy Inc. says that Glencore plc has received Investment Canada Act approval in connection with the plan of arrangement to effect the acquisition of all the issued and outstanding common shares of Caracal by a wholly owned subsidiary of Glencore (the "Arrangement").

Investment Canada Act approval was the final outstanding regulatory approval with respect to the Arrangement. Accordingly, Caracal now expects the effective date of the Arrangement to be July 8, 2014 (the "Effective Date").

Tags: Caracal Energy Inc.