Court and Shareholder Approval of Acquisition of Caracal by Glencore

Court and Shareholder Approval of Acquisition of Caracal by Glencore 
CALGARY, June 6, 2014 /CNW/ - Caracal Energy Inc. ("Caracal" or the "Company") 
(LSE:CRCL) announced today the results of its special meeting of holders of 
common shares held today to consider and to vote on a plan of arrangement (the 
"Arrangement") under the Canada Business Corporations Act pursuant to which 
8682321 Canada Inc., a subsidiary of Glencore plc ("Glencore"), will acquire 
all of the issued and outstanding common shares of Caracal for £5.50 per 
common share in cash. By special resolution passed at the special meeting of 
Caracal shareholders, the Arrangement was approved by 99.79% of the votes cast 
by Caracal shareholders and also received the minority approval required by 
Multilateral Instrument 61-101 - Protection of Minority Security Holders in 
Special Transactions. 
Caracal also announced that, following the special meeting, the Court of 
Queen's Bench of Alberta granted its final order approving the Arrangement. 
Caracal expects the Arrangement to close in late June or early July of 2014. 
The closing of the Arrangement is subject to the satisfaction or waiver of all 
conditions that are applicable to the Arrangement, including the granting of 
an approval under the Investment Canada Act. 
About Caracal Energy Inc. 
Caracal Energy Inc. is an international exploration and development company 
focused on oil and gas exploration, development and production activities in 
the Republic of Chad, Africa. In 2011, the Company entered into three 
production sharing contracts ("PSCs") with the government of the Republic of 
Chad. These PSCs provide exclusive rights to explore and develop reserves and 
resources over a combined area of 26,103 km(2) in southern Chad. 
The Company's shares trade on the London Stock Exchange under the symbol CRCL. 
About Glencore 
Glencore is one of the world's largest global diversified natural resource 
companies. As a leading integrated producer and marketer of commodities with a 
well-balanced portfolio of diverse industrial assets, Glencore is strongly 
positioned to capture value at every stage of the supply chain, from sourcing 
materials deep underground to delivering products to an international customer 
base. The Group's industrial and marketing activities are supported by a 
global network of more than 90 offices located in over 50 countries. The 
Group's diversified operations comprise over 150 mining and metallurgical 
sites, offshore oil production assets, farms and agricultural facilities. The 
Group employs approximately 200,000 people, including contractors. 
Cautionary Statement on Forward-Looking Information 
Certain information in this news release is "forward-looking information" 
within the meaning of applicable Canadian Securities legislation and is 
prospective in nature, including information regarding the completion of the 
Arrangement and the timing thereof. Forward-looking information is not based 
on historical facts, but rather on current expectations and projections about 
future events, and is therefore subject to risks and uncertainties which could 
cause actual results to differ materially from the future results expressed or 
implied by the forward-looking information. This information generally can be 
identified by the use of forward-looking words such as "may", "should", 
"will", "could", "intend", "estimate", "plan", "anticipate", "expect", 
"believe" or "continue", or the negative thereof or similar variations. In 
particular, any statements regarding Caracal's future expectations, beliefs, 
goals or prospects are or involve forward-looking information. 
Forward-looking information is also necessarily based upon a number of 
assumptions that, while considered reasonable by management, are inherently 
subject to significant business, economic, regulatory and competitive 
uncertainties and contingencies. Caracal cautions the reader that such 
forward-looking information involves known and unknown risks, uncertainties 
and other factors that could cause actual results, performance or achievements 
of Caracal to differ materially from any future results, performance or 
achievements expressed or implied by such forward-looking information. In 
addition to general economic conditions, there are specific risks, including 
but not limited to, the possibility that all conditions precedent to the 
Arrangement may not be satisfied or waived prior to the agreed upon outside 
date to complete the Arrangement and the parties' ability to satisfy the 
conditions to the completion of the Arrangement, including that the necessary 
regulatory approvals may not be obtained on the terms expected or on the 
anticipated schedule. Caracal believes the material factors, expectations and 
assumptions reflected in the forward-looking statements are reasonable, but no 
assurance can be given that these factors, expectations and assumptions will 
prove to be correct. 
Undue reliance should not be placed on the forward-looking statements 
contained herein, which are made as of the date hereof and, except as required 
by law, Caracal undertakes no obligation to update publicly or revise any 
forward-looking statements, whether as a result of new information, future 
events or otherwise. The forward-looking statements contained herein are 
expressly qualified by this cautionary statement.

SOURCE  Caracal Energy Inc. 
 Caracal Energy Inc. Gary Guidry, President and Chief Executive Officer Trevor 
Peters, Chief Financial Officer +1 403-724-7200 
Longview Communications - Canadian Media Enquiries Alan Bayless +1 
604-694-6035 Joel Shaffer +1 416-649-8006 
FTI Consulting - UK Media Enquiries Ben Brewerton / Ed Westropp + 44 (0) 207 
8313 3113 
To view this news release in HTML formatting, please use the following URL: 
CO: Caracal Energy Inc.
ST: Alberta
-0- Jun/06/2014 22:25 GMT
Press spacebar to pause and continue. Press esc to stop.