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Empire Mining Updates Bursa Karapinar/Demirtepe Acquisition VANCOUVER, BRITISH COLUMBIA, Oct 19, 2011 (MARKETWIRE via COMTEX) -- Empire Mining Corporation (EPC) is pleased to provide an update on its acquisition of a 100% interest in the Bursa Licences, which cover the Demirtepe and Karapinar projects in Turkey; originally announced in July. Empire and Alacer Gold Corp. ("Alacer") have further amended their purchase and sale agreement such that the parties have agreed to use best efforts to complete the transactions thereunder on or before December 31, 2011; if the transactions are not closed by such time, the acquisition agreement will terminate. Empire is also now able to issue the common share portion of the consideration to Alacer under the agreement prior to closing, upon receipt of final TSX Venture Exchange (the "TSXV") approval of the transaction. The other terms and conditions of the acquisition are materially consistent with those announced by Empire in July. The amendment to the purchase and sale agreement is subject to TSXV approval. ON BEHALF OF THE BOARD Robert F. Giustra, Chairman |
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| aus der Diskussion: | Empire Mining Corporation EPC |
| Autor (Datum des Eintrages): | KMST (19.10.11 17:01:39) |
| Beitrag: | 70 von 171 (ID:42232733) |
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