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Pin to quick picksSan Leon Share News (SLE)

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Share Price Information for San Leon (SLE)

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IN BRIEF: San Leon enters deal to buy loan notes in Decklar Petroleum

Thu, 15th Jul 2021 20:25

San Leon Energy PLC - Ireland based oil and gas production and development company focused on Nigeria - Enters subscription agreement with Decklar Petroleum Ltd, a local subsidiary of Decklar Resources, which entitles San Leon to purchase USD7.5 million 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 entitles San Leon to purchase an additional USD7.5 million of loan notes and further Decklar Petroleum shares representing an additional 15% of the enlarged share capital of Decklar Petroleum.

Current stock price: 39.97 pence

Year-to-date change: up 60%

By Arvind Bhunjun; arvindbhunjun@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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