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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 ....
Empire Energy Group Limited (ASX:EEG) (OTCMKTS:EEGUF) is pleased to announce that EMG Northern Territory Holdings Pty Limited ( EMG NT ), Imperial Oil & Gas A Pty Limited ( Imperial A ), a wholly owned subsidiary of Empire, and Pangaea (NT) Pty Limited ( Pangaea ) have entered into an amended Share Purchase Agreement ( Amended SPA ) which gives legal effect to the EMG NT tag-along notice announced on 26 April 2021. The Amended SPA replaces the Share Purchase Agreement between Imperial A and Pangaea announced to shareholders on 14 April 2021. Subject to Completion detailed below, Empire will own a 100% interest in EP167, EP168, EP169, EP198 and EP305 (collectively, the Tenements ), located in the Beetaloo Sub-basin, onshore ....
Empire Energy Group Ltd (ASX:EEG) Beetaloo Acquisition Update
OTCMKTS:EEGUF) is pleased to announce that EMG Northern Territory Holdings Pty Limited ( EMG NT ), Imperial Oil & Gas A Pty Limited ( Imperial A ), a wholly owned subsidiary of Empire, and Pangaea (NT) Pty Limited ( Pangaea ) have entered into an amended Share Purchase Agreement ( Amended SPA ) which gives legal effect to the EMG NT tag-along notice announced on 26 April 2021. The Amended SPA replaces the Share Purchase Agreement between Imperial A and Pangaea announced to shareholders on 14 April 2021. Subject to Completion detailed below, Empire will own a 100% interest in EP167, EP168, EP169, EP198 and EP305 (collectively, the Tenements ), located in the Beetaloo Sub-basin, onshore Northern Territory. ....