EM Resources Announces Update on Status of Amalgamation With Condor Petroleum Inc.admin
EM Resources Inc. announces that it has agreed with Condor Petroleum Inc. to extend the amalgamation deadline prescribed in the pre-amalgamation agreement dated July 25, 2008 from December 31, 2008 to April 30, 2010.
On July 25, 2008, EM announced that it entered into a pre-amalgamation agreement with Condor, an arm’s length private Alberta corporation, pursuant to which EM and Condor have agreed to amalgamate conditional upon, among other things, receipt of all necessary shareholder approvals and the continuance of EM into Alberta.
On January 23, 2009, EM Resources Inc. (“EM”) announced that it agreed with Condor Petroleum Inc. (“Condor”) to extend the amalgamation deadline prescribed in the pre-amalgamation agreement dated July 25, 2008 from December 31, 2008 to June 30, 2009.
At the annual and special shareholder meeting of EM held on September 15, 2008, shareholders approved the amalgamation of EM with Condor as described in a joint management proxy and information circular of EM and Condor dated as of August 11, 2008 which is available on www.sedar.com.