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Empire Energy Group Ltd (ASX:EEG) Pangaea Acquisition Update
  
OTCMKTS:EEGUF) is pleased to announce the release of its Notice of General Meeting to consider Empire s acquisition of Pangaea (NT) Pty Limited ( Pangaea ) and EMG Northern Territory Holdings Pty Limited ( EMG NT ) 100% interests in EP167, EP168, EP169, EP198 and EP305, located onshore Northern Territory. The General Meeting will be convened at 2pm (AEST) on Tuesday 3 August 2021.
The Notice of Meeting reflects a change to the transaction terms from those announced by Empire to ASX on 14 April 2021. The amended terms mean that the number of Empire shares to be issued to Pangaea at completion will be limited to an amount that will not result in Pangaea or its associates acquiring more than a 20% shareholding in the Company at any time. Following completion and subject to all requisite approvals (including Empire shareholder approval and Northern Territory Government approval), Pangaea may call for the ....

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