Realm Energy shareholder approval (3361R)
November 02 2011 - 5:10AM
UK Regulatory
TIDMSLE
RNS Number : 3361R
San Leon Energy PLC
02 November 2011
2 November 2011
San Leon Energy Plc
("San Leon" or the "Company")
Realm Energy International Corporation and San Leon Energy plc
announce Realm Energy shareholder approval of Plan of
Arrangement
London and White Rock, British Columbia, November 1, 2011 -
Realm Energy International Corporation ("Realm Energy") (TSX-V:RLM)
and San Leon Energy plc ("San Leon") (AIM:SLE) are pleased to
announce that RealmEnergy shareholders have approved the previously
announced acquisition of Realm Energy by San Leon pursuant to a
plan of arrangement (the "Arrangement").
At the special meeting of holders of common shares of Realm
Energy held on November 1, 2011, shareholders representing 99.52%
of the Realm Energy common shares voted at such meeting voted in
favour of the resolution to approve the Arrangement. Approval of
the Arrangement required the affirmative vote of holders of
two-thirds of the shares of Realm Energy voted at such meeting.
Realm Energy will seek final approval of the Arrangement from the
Supreme Court of British Columbia on the morning of November 2,
2011. Closing of the Arrangement is expected to occur on or about
November 3, 2011.
About Realm Energy
Realm Energy is a Canadian domiciled global energy company
focused on driving the exploration and development of major shale
plays throughout Europe and emerging countries. Realm Energy
presently has projects in Poland, Spain and Germany and is in the
process of acquiring additional petroleum and natural gas rights in
other European basins. Realm Energy is committed to leveraging the
most advanced shale technology to bring these resources into
production.
On August 26, 2011, Realm Energy announced it had reached an
agreement with San Leon whereby San Leon will acquire all of the
issued and outstanding shares of Realm Energy pursuant to the
Arrangement. Further information, with respect to the Arrangement
is available in Realm Energy's Information Circular dated October
5, 2011, which can be viewed at www.sedar.com.
About San Leon
San Leon is an independent oil and gas exploration and
production company listed on London's Alternative Investment Market
(ticker symbol: SLE). The company holds exploration assets in
Poland, Morocco, Albania, Ireland, and Italy. San Leon's focus is
on both shale and conventional exploration across its
portfolio.
For further information contact
Realm Energy International Corporation T: 604.637.4974
Craig Steinke, Executive Chairman
& CEO
San Leon Energy Plc Tel: + 353 1291 6292
Oisin Fanning, Executive Chairman
Dr John Buggenhagen, Exploration
Director
Macquarie Capital (Europe) Limited Tel: +44 (0) 20 3037
2000
Paul Connolly
Ben Colegrave
John Dwyer
Tel: +44 (0) 20 7012
2000
Arbuthnot Securities
Antonio Bossi
Richard Johnson
College Hill Associates Tel: +44 (0) 20 7457
2020
Nick Elwes
Forward-Looking Statements: This press release contains
forward-looking statements and forward-looking information within
the meaning of applicable securities laws. The use of any of the
words "expect", "anticipate", "may", "will", "should", "believe",
and similar expressions are intended to identify forward-looking
information or statements. This press release contains
forward-looking statements and information concerning the
anticipated completion of the proposed Arrangement and the
anticipated timing for completion of the Arrangement. Realm Energy
has provided these anticipated times in reliance on certain
assumptions that they believe are reasonable at this time,
including assumptions as to the timing of court approvals and the
time necessary to satisfy the conditions to the closing of the
Arrangement. These dates may change for a number of reasons,
including unforeseen delays, inability to secure necessary
regulatory or court approvals in the time assumed or the need for
additional time to satisfy the conditions to the completion of the
Arrangement. There can be no assurance that the Arrangement will be
completed as proposed or at all. Accordingly, readers should not
place undue reliance on the forward-looking statements and
information contained in this press release concerning these times.
Readers are cautioned that the foregoing list of factors is not
exhaustive. The forward-looking statements and information
contained in this press release are made as of the date hereof and
neither Realm Energy or San Leon undertakes any obligation to
update publicly or revise any forward-looking statements or
information, whether as a result of new information, future events
or otherwise, unless so required by applicable securities laws.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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