RNS Number: 3722 I San Leon Energy PLC 12 August 2021. San Leon, the independent oil and gas production, development and exploration company focused on.
Nigeria, notes the announcement made today by Decklar Resources Inc. ( Decklar Resources ) in
Canada.
San Leon has entered into a conditional subscription agreement with Decklar Petroleum Limited ( Decklar Petroleum ), the local subsidiary of Decklar Resources, which entitles San Leon to purchase
US$7,500,000 of 10% unsecured subordinated loan notes of Decklar Petroleum and 15% of the enlarged share capital of Decklar Petroleum. In addition, Decklar Petroleum and San Leon have entered into an option agreement which, at San Leon s sole discretion, entitles San Leon to purchase an additional
US$7,500,000 of loan notes and further Decklar Petroleum shares representing an additional 15% of the enlarged share capital of Decklar Petroleum. Further details of these conditional investment agreements can be found in the Company s announcement of
Nigeria: Decklar Resources announces Share Purchase Agreement to participate in Asaramatoru oil field in OML 11 in Nigeria energy-pedia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from energy-pedia.com Daily Mail and Mail on Sunday newspapers.