San Leon Energy acquires Aurelian in all-share merger

Oil and gas exploration minnow San Leon Energy is to acquire fellow explorer Aurelian in an-all share merger.

Oil and gas exploration minnow San Leon Energy is to acquire fellow explorer Aurelian in an-all share merger.

Aurelian shareholders will receive 1.3 new San Leon shares for each Aurelian share, which will mean that following the merger existing Aurelian shareholders will hold approximately, 34% of the enlarged company, with existing San Leon shareholders holding 66%.

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