Pangaea andEMG Acquisition Update 27th May 2021
I was drawnto this release by part 3 of the agreement, that of the options,
Quoted “ Subject to Completion detailedbelow, Empire will own a 100% interest in EP167, EP168, EP169, EP198 and EP305 (collectively, “the Tenements”), located in the BeetalooSub-basin,onshore Northern Territory. Total consideration for the acquisition, aspreviously disclosed to Empireshareholders, will be:
•$6.061million in cash (to be funded from existing cash at bank); •169,696,970ordinary Empire shares, of which 66,666,667will be escrowed for 12 months from the date of issue and 88,348,485willbe escrowed for 24 months fromthe date of issue; and
•9,696,970optionsto acquire ordinary Empire shares at $0.70 per share which will expire in 3 years after their issue date.“ end of quote
To me it appears that bothparties agree that the value of ordinary shares will be 70c within 3 years?
Am I missing something?
- Forums
- ASX - By Stock
- Pangaea and EMG Acquisition Update
Pangaea andEMG Acquisition Update 27th May 2021 I was drawnto...
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
LU7
Discover the strong preliminary feasibility of the Bécancour Lithium Refinery, showcasing resilience in a low pricing environment and a strategic plan to capitalize on future price recoveries
Add EEG (ASX) to my watchlist
(20min delay)
|
|||||
Last
23.0¢ |
Change
-0.015(6.12%) |
Mkt cap ! $233.9M |
Open | High | Low | Value | Volume |
25.0¢ | 25.0¢ | 23.0¢ | $197.4K | 851.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 60000 | 22.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
23.5¢ | 7500 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 60000 | 0.225 |
5 | 588269 | 0.220 |
7 | 418994 | 0.215 |
9 | 971699 | 0.210 |
4 | 675500 | 0.205 |
Price($) | Vol. | No. |
---|---|---|
0.240 | 64763 | 2 |
0.245 | 2544 | 1 |
0.250 | 127216 | 2 |
0.255 | 173500 | 3 |
0.260 | 40999 | 2 |
Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
Featured News
EEG (ASX) Chart |