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Orca Exploration provides update to the Swala transaction
Toronto-listed Orca Exploration Group indefinitely extended the date by which Tanzanian company Swala Oil & Gas could make the second and third installments of its investment in Orca sub PAE PanAfrican Energy Corp.The move comes after Orca initially extended the closing of the two tranches to June 30, which had required a $130 million investment by that date. Per the July 16 update, the company retains the right to terminate the extension at any......
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