EM Resources Inc. Press Release

TORONTO, ONTARIO - (Marketwire - July 25, 2008) - EM Resources Inc. ("EM") announced that it has entered into a pre-amalgamation agreement with Condor Petroleum Inc. ("Condor"), an arm's length private Alberta corporation, pursuant to which EM and Condor have agreed to amalgamate conditional upon, among other things, receipt of all necessary shareholder approvals and the continuance of EM into Alberta. Pursuant to the amalgamation, all of the outstanding common shares of EM will be exchanged on a 2:1 basis for common shares of the amalgamated company ("Amalco") and all outstanding common shares of Condor will be exchanged on a 1:1 basis for common shares of Amalco. As of the date hereof, EM has 1,900,000 common shares outstanding and Condor has 196,283,066 common shares outstanding. Based on the current issued capital of... [read full story]