Orca Energy Group Announces Extension of Deadline to Obtain Regulatory Approvals for the Proposed Transaction under the Sale and Purchase Agreement

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Postmedia has not reviewed the content. by GlobeNewswire Orca Energy Group Announces Extension of Deadline to Obtain Regulatory Approvals for the Proposed Transaction under the Sale and Purchase AgreementAuthor of the article:TORTOLA, British Virgin Islands, Aug. 20, 2026 (GLOBE NEWSWIRE) — Orca Energy Group Inc. (“Orca” or the “Company“) (TSX-V: ORC.A, ORC.B) announced today that the Company has agreed to extend the deadline to complete the conditions (the “Longstop Date“) of the previously announced transaction (the “Proposed Transaction“) among Orca, Taifa Gas Tanzania Limited (“Taifa“) and Amber Energy Investment L.L.C-FZ (“Amber“, and together with Taifa, the “Purchasers“), pursuant to the terms of the Sale and Purchase Agreement dated April 10, 2026 (the “Sale and Purchase Agreement“) among Orca and the Purchasers.THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.SUBSCRIBE TO UNLOCK MORE ARTICLESSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.REGISTER / SIGN IN TO UNLOCK MORE ARTICLESCreate an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountExtension of the Longstop DateGet the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againPursuant to the terms of the Sale and Purchase Agreement, the Longstop Date was extended by mutual agreement between the Company and the Purchasers to August 31, 2026 (the “Extended Longstop Date“). This extension is to provide additional time for the Purchasers to obtain all required regulatory approvals in the United Republic of Tanzania. Any party to the Sale and Purchase Agreement is entitled to terminate the agreement within ten business days of the Extended Longstop Date. This termination right is in addition to any party’s right to terminate the Sale and Purchase Agreement at any time and for any reason.Closing of the Proposed Transaction remains subject to customary and transaction-specific conditions, including acceptance by the TSX Venture Exchange and receipt of Tanzanian regulatory approvals.About Orca Energy Group Inc.Orca Energy Group Inc. is an international public company engaged in natural gas development and supply in Tanzania through its subsidiary, PanAfrican Energy Tanzania Limited. Orca trades on the TSX Venture Exchange under the trading symbols ORC.A and ORC.B.Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.For Further Information Please Contact Jay Lyons Chief Executive Officer ir@orcaenergygroup.com +44-20 8434 2643 David W. Ross Chair and Non-Executive Director dross7915@gmail.com +1 (403) 830-2455 For media enquiries: Celicourt (PR) Mark Antelme Orca@celicourt.uk +44-20 8434 2643This advertisement has not loaded yet.Notice for the Postmedia NetworkThis website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.