September 15, 2009, Vancouver, BC
– Raytec Metals Corp. (the “Company” or “Raytec
”)
(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.
