ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for default Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.

RLM Realm Energy International Cp

0.00
0.00 (0.00%)
Share Name Share Symbol Market Type
Realm Energy International Cp TSXV:RLM TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Realm Energy International Corporation and San Leon Energy plc Announce Realm Energy Shareholder Approval of Plan of Arrangem...

02/11/2011 4:08am

Marketwired Canada


Realm Energy International Corporation (TSX VENTURE:RLM) and San Leon Energy plc
(AIM:SLE) - 


NOT FOR DISTRIBUTION OR RELEASE IN OR INTO THE UNITED STATES, AUSTRALIA, RUSSIA,
SOUTH AFRICA OR JAPAN


Realm Energy International Corporation ("Realm Energy") (TSX VENTURE:RLM) and
San Leon Energy plc ("San Leon") (AIM:SLE) are pleased to announce that Realm
Energy 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.


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.


1 Year Realm Energy International Cp Chart

1 Year Realm Energy International Cp Chart

1 Month Realm Energy International Cp Chart

1 Month Realm Energy International Cp Chart

Your Recent History