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Monday, 08 September, 2008, 18:40 GMT | more prices >>

Empire to buy GSLM



By Upstream staff 

Kansas-based Empire Energy has moved a step closer to purhasing Great South Land Minerals (GSLM) following the receipt of bid acceptances representing more than 90% of the issued share capital in the company.

As part of the merger, Empire also intends to buy the remaining interest in GSLM, according to Empire's director Malcolm Bendall

"We are excited by the opportunities for both Empire and GSLM, however there is much work to be done. As stated in the Bidder's Statement, one of our first priorities will be to pursue our various funding opportunities," said Mr. Bendall.


Monday, 18 April, 2005, 15:28 GMT  | last updated: Wednesday, 27 April, 2005, 14:06 GMT

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