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Share Name | Share Symbol | Market | Type |
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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 | |
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0.00 | 0.00% | 0 | - |
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.
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