Canacol to Start Colombia Trading Thursday

Canadian oil company Canacol is set to start trading on the Colombian Stock Exchange (BVC) July 22, says a company spokesman. Canacol, which already trades on the TSX Venture Exchange, will not issue new shares. Instead, it will allow common units already issued to be traded on the BVC. The company has 11 exploration and production blocks in Colombia and plans to invest $37m in the country. It also has operations in Guyana and Brazil. Citi is handling the share listing on the BVC.