Issue of Equity

RNS Number : 3240R

San Leon Energy PLC

29 April 2009

 

San Leon Energy Plc

('San Leon' or the 'Company')

Issue of Equity

The Board of San Leon announces that the Company has issued 2,500,000 new ordinary shares of €0.05 each ('Shares') in the Company to BWG s.r.l. ('BWG'). This follows exercise by BWG of an option which was granted to BWG to purchase up to 2,500,000 Shares at 11p in consideration for work undertaken by BWG in relation to the successful application for five licenses in Italy, being the three offshore permit applications off the coast of Sicily and two onshore permit applications in the Po Valley previously detailed in the announcement dated 10 March 2009.

Application for admission to trading on AIM of the Shares has been made and is expected to become effective on Tuesday 5 May 2009. Following Admission, the total issued share capital of the Company will be 273,829,367 ordinary shares of €0.05 each.

For further information, please contact:

San Leon Energy Plc
Oisin Fanning, Chairman	Tel: + 353 1291 6292
Charles McEvoy, Operations Director	www.sanleonenergy.com
Daniel Stewart & Co. Plc
Graham Webster/Stewart Dick	Tel: [phone]
	www.danielstewart.co.uk
College Hill Associates
Paddy Blewer/Nick Elwes	Tel: [phone]
	www.collegehill.com

 

END

 

 

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