April 14 (Reuters) - Empire Energy Group Ltd (EEG) :
- SIGNED AGREEMENT WITH PANGAEA TO BUY PANGAEA'S BEETALOO SUB- BASIN PORTFOLIO
- DEAL FOR COMBINATION OF CASH, ORDINARY SHARES AND UNLISTED OPTIONS IN EMPIRE
- TO BUY OPERATED 82.5% STAKE IN 5 TENEMENTS ACROSS BEETALOO SUB-BASIN ONSHORE NORTHERN TERRITORY
- $5 MILLION CASH PAYABLE AND 140 MILLION EMPIRE SHARES ISSUED TO PANGAEA UPON COMPLETION
- PANGAEA WILL ALSO BE ISSUED 8 MILLION UNLISTED EMPIRE OPTIONS WITH EXERCISE PRICE OF $0.70 PER SHARE
Source: https://bit.ly/32eoFr2
(([email protected];))
News: EEG Empire Energy Group Signs Agreement To Buy Pangaea's Beetaloo Sub- Basin Portfolio
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