OREANDA-NEWS. SP Angel, the independent partnership providing creative investment banking solutions to growing companies, is pleased to announce that, following shareholder approval on 20 September 2016, San Leon, for whom SP Angel acted as nominated adviser and joint broker, has completed its reverse takeover and placing of GBP 170.3m (US$221.4m).

San Leon is an AIM quoted Oil & Gas exploration and production company whose principal cash generating asset is a 9.72% indirect economic interest in the world-class OML 18 oil and gas block in the South Niger Delta.

Commenting, John Mackay, Partner at SP Angel said: "We are delighted to have advised on this transformational transaction for San Leon. It is the culmination of many months of hard work as SP Angel expands its presence in the Oil & Gas space and it demonstrates the Firm's ability to manage complex transactions and raise capital for its clients in the current market conditions. The success of the transaction shows also that AIM continues to be a market which supports high quality, growth companies.

"Today's news follows our recent appointment of Richard Redmayne as Director of Corporate Finance and Broking, whose extensive experience in the Oil & Gas sector will be of significant benefit as we continue to implement and execute our strategy of helping bridge AIM clients with the investment community."

SP Angel is an independent partnership providing creative, investment banking solutions to investors and growing companies. With an established reputation for delivery and market reach, a strong track record of successful fund raisings, including AIM IPOs and secondary placings, merger and acquisition advice as well as private fundraising and advisory transactions, the firm acts as nomad and broker to a growing number of companies.