San Leon Energy plc (AIM: SLE) is pleased to announce that all of the resolutions proposed at the Annual General Meeting and all of the resolutions proposed to approve the OML 18 Production Arrangement at the Extraordinary General Meeting held this morning were passed.

Following the resolutions being passed, the Company will complete the acquisition of OML 18 Production Arrangement by 30 September 2016.

Placing
As previously announced, the Company has raised gross proceeds of £170.3 million by way of a placing of 378,400,000 Ordinary Shares at 45 pence per Placing Share with new and existing investors, the proceeds of which will be used to purchase Loan Notes, repay creditors and outstanding loans and for general working capital purposes.

To view the full press release, please click here.

San Leon Energy plc published this content on 20 September 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 20 September 2016 11:30:03 UTC.

Original documenthttp://www.sanleonenergy.com/media-centre/news-releases/2016/september/20/result-of-general-meetings.aspx

Public permalinkhttp://www.publicnow.com/view/1CB6E8CDDC22BE18F196D2B456413A17FF73E146