March 7 (Reuters) - Cona Resources Ltd CONA.TO :
* CONA RESOURCES LTD. ANNOUNCES AGREEMENT TO A TAKE PRIVATEPROPOSAL FROM WATEROUS ENERGY FUND
* CONA RESOURCES LTD - ANNOUNCES RECEIPT OF A PROPOSAL FROMWATEROUS ENERGY FUND&ITS AFFILIATES TO TAKE CO PRIVATE AT $2.55PER CONA COMMON SHARE
* CONA RESOURCES LTD - ON COMPLETION OF DEAL, WEF THATACQUIREDABOUT 67% OWNERSHIP OF CO IN MAY 2017, WOULD BECOME SOLESHAREHOLDER OF CO