Jan 7 (Reuters) - Condor Petroleum Inc CPI.TO :
* To acquire Marsa Energy
* All Marsa shares will be exchanged for Condor shares based on exchange ratio
of 1.84326 Condor shares for each Marsa share
* Says arrangement agreement also provides for a reciprocal non-completion fee
of $250,000
* Source text for Eikon Further company coverage CPI.TO