10th Sep 2013 12:43
For Immediate Release 10 September 2013
LENI GAS AND OIL PLC
("LGO" or the "Company")
Maxim Joint Venture Agreement in Trinidad
LGO today announces that, further to its announcement on 13 August 2013 concerning a non-binding Heads of Agreement ("HOA") with Maxim Resources Inc. ("Maxim"), that agreement has been reached with Maxim to extend the deadline to complete the transaction envisaged in the HOA.
It is now anticipated that further due diligence will be completed in the next few weeks and that a new planned closing date will be set by the end of September.
LGO's intention remains to complete the transaction for cash; pending the anticipated closing of the Meridian SECZ financing announced earlier.
Enquiries:
Leni Gas & Oil plc
David Lenigas Neil Ritson | +44 (0)20 7440 0645 |
|
|
Beaumont Cornish Limited
Nomad and Joint Broker Rosalind Hill Abrahams Roland Cornish | +44(0) 20 7628 3396 |
Old Park Lane Capital Plc
Joint Broker Michael Parnes | +44(0) 20 7493 8188 |
Pelham Bell Pottinger
Financial PR Mark Antelme | +44 (0) 20 7861 3232 |
Henry Lerwill |
|
Related Shares:
CERP.L