LGO announces that, further to its announcements on 14 March 2013 and 23 May 2013 concerning a non-binding Heads of Agreement (HOA) with Maxim Resources Inc. (Maxim), who are listed on the TSX Venture Exchange in Toronto, Maxim have issued a further statement.

The closing date of the transaction has been adjusted to reflect the timetable for the completion of due diligence and is now set as on or about 6 September 2013, or such other date as the parties mutually agree. The remaining terms of the HOA agreed in March and repeated 23 May 2013 have not been amended except to reflect the movement in the Maxim share price which impacts the number of shares to be issued to LGO should the transaction be completed in shares. LGO's intention remains to complete the transaction for cash; pending the imminent anticipated closing of the Meridian SECZ financing announced earlier.

Tags: Leni Gas & Oil Plc