Realm Energy Announces Mailing of Information Circular With Respect to Plan of Arrangement
October 12 2011 - 10:57PM
Marketwired
Realm Energy International Corporation ("Realm Energy") (TSX
VENTURE:RLM) (www.realmenergy.ca) is pleased to announce that the
Management Information Circular and Proxy Statement (the
"Information Circular") with respect to the previously announced
acquisition of Realm Energy by San Leon Energy plc ("San Leon") was
mailed on October 11, 2011 to shareholders of record as of
September 26, 2011. The business combination will be effected by
way of a Plan of Arrangement (the "Arrangement").
The Information Circular contains a detailed description of the
Arrangement and is available on SEDAR (www.sedar.com). The special
meeting (the "Meeting") of the shareholders of Realm Energy to vote
on the Arrangement will be held at 9:00 a.m. (Vancouver time) on
Tuesday, November 1, 2011 at the offices of Bull, Housser &
Tupper LLP, 30th Floor, 1055 West Georgia Street, Vancouver,
British Columbia.
The Arrangement is expected to close on or about November 3,
2011. Completion of the Arrangement is subject to, among other
conditions, the approval of the Supreme Court of British Columbia,
receipt of all necessary regulatory approvals and the approval by
at least 66 2/3% of the votes cast by Realm Energy shareholders who
vote at the Meeting.
All Realm Energy shareholders are encouraged to vote in person
or by proxy at the Meeting.
About Realm Energy
Realm Energy is a Canadian domiciled global energy company
focused on driving the exploration and development of major shale
plays throughout Europe and emerging countries. Realm Energy
presently has projects in Poland, Spain and Germany and is in the
process of acquiring additional petroleum and natural gas rights in
other European basins. Realm Energy is committed to leveraging the
most advanced shale technology to bring these resources into
production.
On August 26, 2011, Realm Energy announced it had reached an
agreement with San Leon whereby San Leon will acquire all of the
issued and outstanding shares of Realm Energy pursuant to the
Arrangement. Realm Energy has given notice that it intends to hold
a special meeting on November 1, 2011 to seek shareholder approval
for the Arrangement. Further information, with respect to the
Arrangement, is available in Realm Energy's press release dated
August 26, 2011, which can be viewed at Realm Energy's website,
www.realmenergy.ca, or at www.sedar.com.
REALM ENERGY INTERNATIONAL CORPORATION
Craig Steinke, Executive Chairman & CEO
Forward-Looking Statements: This press release contains
forward-looking statements and forward-looking information within
the meaning of applicable securities laws. The use of any of the
words "expect", "anticipate", "may", "will", "should", "believe",
and similar expressions are intended to identify forward-looking
information or statements. This press release contains
forward-looking statements and information concerning the
anticipated completion of the proposed Arrangement and the
anticipated timing for completion of the Arrangement. Realm Energy
has provided these anticipated times in reliance on certain
assumptions that they believe are reasonable at this time,
including assumptions as to the timing of receipt of the necessary
regulatory and court approvals and the time necessary to satisfy
the conditions to the closing of the Arrangement. These dates may
change for a number of reasons, including unforeseen delays in the
timing of the Meeting, inability to secure necessary regulatory or
court approvals in the time assumed or the need for additional time
to satisfy the conditions to the completion of the Arrangement.
There can be no assurance that the Arrangement will be completed as
proposed at all. Accordingly, readers should not place undue
reliance on the forward-looking statements and information
contained in this press release concerning these times. Readers are
cautioned that the foregoing list of factors is not exhaustive.
Additional information on these and other factors that could affect
Realm Energy's operations or financial results are included in
reports on file with applicable securities regulatory authorities
and may be accessed through the SEDAR website (www.sedar.com). The
forward-looking statements and information contained in this press
release are made as of the date hereof and Realm Energy undertakes
no obligation to update publicly or revise any forward-looking
statements or information, whether as a result of new information,
future events or otherwise, unless so required by applicable
securities laws.
This press release shall not constitute an offer to sell, nor
the solicitation of an offer to buy, any securities in the United
States, nor shall there be any sale of securities mentioned in this
press release in any state in the United States in which such
offer, solicitation or sale would be unlawful prior to registration
or qualification under the securities laws of any such state.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: Media Contact: Curve Communications Amanda Bates
604.684.3170 ext. 112 / C:
604.306.0027amanda@curvecommunications.com Investor Relations:
Realm Energy International Corporation Keir Reynolds Director of
Investor Relations 778-998-9242keir@realmenergy.ca Corporate
Enquiries: Realm Energy International Corporation Kevin Rathbun
Chief Financial Officer 604.637.4974 ext.
33info@realmenergy.cawww.realmenergy.ca
Realm Energy International Cp (TSXV:RLM)
Historical Stock Chart
From Oct 2024 to Nov 2024
Realm Energy International Cp (TSXV:RLM)
Historical Stock Chart
From Nov 2023 to Nov 2024
