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Description of business:
The Company is a wholly-owned subsidiary of Leyshon Resources Limited ("Leyshon Resources"). It was incorporated on 27 March 2013 following a strategic review by the board of Leyshon Resources of its assets for the purpose of effecting a demerger of its energy assets comprising its interest in the Zijinshan Gas Project in China (held through its wholly owned subsidiary Pacific Asia Petroleum Limited), along with cash reserves of approximately US$35 million into Leyshon. The demerger will be effected via a pro-rata in-specie distribution of 100% of the shares in Leyshon to the eligible shareholders of Leyshon Resources on a one for one basis. The demerger will be subject to shareholder approval. A shareholder meeting has been convened for 13 January 2014. Following completion of the demerger, the principal activity of the Company will be the exploration and commercialisation of the Zijinshan Gas Project. In addition, the Company intends to actively pursue other investment and acquisition opportunities in the oil and gas sector, in China and elsewhere. The demerger, and Admission to AIM are expected to become effective on or around 23 January 2014.

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Leyshon Energy Limited

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