EMPIRE PETROLEUM CORPORATION (OTCMKTS:EMPR) Files An 8-K Termination of a Material Definitive AgreementItem 1.02 Termination ofa Material Definitive Agreement
The Corporation requested an extension of the time within which to conduct title due diligence and close the transaction, but such request was not agreed to by Seller. On February 7, 2018, a termination of purchase and sale agreement (the "Termaintion Agreement") was executed by Empire and Seller, to which, among other things, the Purchase Agreement was terminated effectives as of February 5, 2018. The foregoing description of the Termination Agreement is only a summary, does not purport to be complete and is subject to, and is qualified in its entirety by reference to, the Termination Agreement, a copy of which is filed as Exhibit 2.1 to this Current Report on Form 8-K and incorporated herein by reference.
The Corporation intends to continue to cooperate with Seller with respect to the potential purchase the oil and gas properties described in the terminated Purchase Agreement as well as evaluate other acquisition opportunities.
Item 9.01 Financial Statements and Exhibits