(MENAFN- Baystreet) 10:11 AM EST - Kiwetinohk Energy Corp.: And Cygnet Energy Ltd, a private exploration and production company backed by respective investment funds managed by NGP Energy Capital Management, ARC Financial Corp., and global investment firm Carlyle, announced that they have entered into an arrangement agreement, under which Cygnet will acquire all of the issued and outstanding common shares of Kiwetinohk for cash consideration of $24.75 per Share by way of a plan of arrangement under the Canada Business Corporations Act. Kiwetinohk Energy Corp. shares T are trading up $2.13 at $24.55.

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