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

abarrelfullabarrelfull wrote on 03 Nov 2011 14:51
Tags: deals realm san-leon shale

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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.

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