Canaccord commentsBankers Petroleum* (BNK : TSX : $2.18), Net Change: 0.18, % Change: 9.00%, Volume: 26,512,713 YOU’RE SAFE! Breathing that sigh of relief. Bankers Petroleum announced that the proposed plan of arrangement with GeoJade Petroleum has received Chinese State Administration of Foreign Exchange (SAFE) approval. At this time the required regulatory approvals for the completion of the arrangement have been received. Bankers anticipates completion of the arrangement to occur in the coming weeks, and prior to September 30, 2016. Geo-Jade is acquiring all the issued and outstanding common shares of Bankers at a price of $2.20 per share. If the deal had fallen through, many believed the stock would have traded down to the $1.35 level. Geo-Jade had agreed to pay the reverse termination fee of $20M to BNK should BNK terminate the agreement due to approval delays beyond September 30. The outside date for the transaction had been extended to October 31, 2016.