Re: Raytec name change and takeover on Lion
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Welcome To The Lion Energy Corp, formally Raytec Metals Corp. HUB On AGORACOM
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Message: Re: Raytec name change and takeover on Lion
September 15, 2009, Vancouver, BC ”)
(TSX.V – RAY) announces that it has received approval from the TSX Venture Exchange to change the Company’s name to Lion Energy Corp. The Company's stock symbol has been changed to "LEO" and the Company's CUSIP number has been changed to 536201106. The name change and symbol change will take effect September 16, 2009. Lion Energy Corp. (“Lion Energy”) president, Brian Thurston, stated: “This name change reflects the Company’s new focus as an oil & gas exploration Company in Central & Eastern Africa. Management is very pleased with the transition of the Company over the past four months and looks forward to building Lion Energy into a top-tier player in this rapidly developing region. Northeast Africa is seeing a major exploration effort as several billion barrel discoveries have been recently announced.” About the Company: The Company is a well-financed, Canadian exploration company with a vision to develop a significant presence in the developing oil and gas industry in East and Central Africa. Recently the Company signed an agreement with Africa Oil Corp. that grants the Company the right to earn an interest in five petroleum blocks located in the Republic of Kenya and in Puntland, Somalia. The Company also holds 14.76% interest in Encanto Potash Corp., a junior potash exploration company and a 20% interest in Sulphur Solutions Inc., an emerging fertilizer company developing state-of-the-art patented technology for the production of micronized sulphur fertilizer. To find out more about the Company, please visit our website at www.lionenergycorp.com.
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