Painted Pony Energy Ltd.

09:53 AM EST - Painted Pony Energy Ltd. : Has entered into a definitive arrangement agreement with Canadian Natural Resources Limited pursuant to which the Purchaser has agreed to acquire all of the issued and outstanding common shares of Painted Pony for cash consideration of $0.69 per Painted Pony Share. The Purchase Price represents approximately a 30% premium over the twenty-day volume weighted average trading price of the Painted Pony Shares on the Toronto Stock Exchange. The proposed transaction is to be completed by way of a plan of arrangement under the Business CorporationsAct (Alberta). Painted Pony Energy Ltd. shares T.PONY are trading up $0.09 at $0.68.