TORTOLA, British Virgin, April 03, 2018 (GLOBE NEWSWIRE) -- Orca Exploration Group Inc. (“
Orca
” or the “
Company
”) today announced that Orca has agreed to an additional extension to extend the date by which the second closing and third closing of the previously announced investment by Swala Oil & Gas (Tanzania) plc in the Orca Group of up to US$130 million must be completed from 28 March 2018 to 11 May 2018. There are no assurances given that one or more of the transactions will be completed by 11 May 2018 or that they will be completed on the terms previously disclosed.
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