Sept 10 (Reuters) - Pelican Acquisition Corp ( PELI ):

* PELICAN ACQUISITION CORPORATION ( PELI ) ANNOUNCES

DEFINITIVE MERGER AGREEMENT WITH GREENLAND EXPLORATION LIMITED

AND MARCH GL COMPANY, WITH THE COMBINED COMPANY TO BE NAMED

GREENLAND ENERGY COMPANY

* PELICAN ACQUISITION CORP ( PELI ) - DEAL VALUED AT $215 MILLION FOR

UP TO

70% OWNERSHIP

* PELICAN ACQUISITION CORP ( PELI ) - COMBINED COMPANY TO BE NAMED

GREENLAND ENERGY COMPANY

* PELICAN ACQUISITION CORP ( PELI ): COMBINED CO TO BE LISTED ON

NASDAQ

UNDER TICKER SYMBOL "GLND."

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