April 14 (Reuters) - Empire Energy Group Ltd EEG.AX :
* 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:// Further company coverage: EEG.AX