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San Leon Energy Announces Merger Agreement With Aurelian Oil & Gas plc


Monday, 12 Nov 2012 02:30am EST 

San Leon Energy Plc announced that they have reached agreement on the terms of a recommended merger pursuant to which San Leon will acquire the entire issued and to be issued share capital of Aurelian Oil & Gas plc. Under the terms of the Merger, Aurelian Shareholders will be entitled to receive: 1.3 New San Leon Shares for each Aurelian Share ยท Following the Merger becoming effective, based on the Merger Ratio of 1.3 New San Leon Shares for every Aurelian Share held: existing Aurelian Shareholders will hold approximately 34 per cent. of the Enlarged Company; and o existing San Leon Shareholders will hold approximately 66 per cent. of the Enlarged Company. 

Company Quote

2.736
0.04 +1.49%
29 Aug 2014