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MinRes buys gas stake

MINERAL Resources has paid $A8.9 million to acquire ERM Power's 18.7% stake in Empire Oil and Gas.

Kristie Batten
MinRes buys gas stake

The stake was acquired via a block trade at 45c per share, a 41% premium to Empire’s last closing price. MinRes acquired an additional stake to take its interest to 19.36%. The purchase included 1.4...

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