Exillon Energy confirms that it has concluded a settlement with the FSA in relation to an investigation.

Exillon accepts the FSA 's decision, which was in connection with failing to identify and notify to the FSA certain Related Party Transactions in 2010. These transactions were disclosed in April 2011 in the Group's 2010 Financial Statements.

The FSA did not conclude that any officer of Exillon Energy had acted improperly, or to suggest that any party benefited financially or that Exillon's shareholders suffered any losses.

Tags: Exillon Energy