San Leon Energy Plc (AIM:SLE) announced an investment with Tri Ri Asset Management Corp for $125 million convertible secured loan facility, $16 million subscription by TRAM for 44,991,302 new ordinary shares of ?0.005 each in the Company (the "Ordinary Shares") at 30 pence per new Ordinary Share, which is proposed to take place before the end of October 2023 and $46 million further investment by TRAM from the grant of 62,500,000 warrants by San Leon, exercisable at 60 pence per new Ordinary Share, to TRAM for a period of five years from 6 October 2023 on October 10, 2023.The loan bears an interest rate of 7.5% per annum, accruing on a daily basis and has a term of three years. There are no commissions payable on either the Subscription or the issue/exercise of the Warrants.