San Leon Completes Mart Deal

Tuesday, April 5, 2016

San Leon Energy has completed the Mart Arrangement Agreement, with an effective date of March 24. San Leon requires shareholder approval and other regulatory approvals to benefit from San Leon’s shares in BidCo, which are pledged to the debt investor.

Completion of this part of the transaction is not expected per se to constitute a reverse takeover under the AIM Rules but the company will make a further announcement in due course to confirm this

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