Luxembourg’s ERG announces a sale agreement with Greyridge Exploration for its exploration undertakings in Saudi Arabia

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Eurasian Resources Group (“ERG” or “the Group”), a leading diversified natural resources group headquartered in Luxembourg, announces a share transfer agreement with Greyridge Exploration Corp. (“Greyridge”), an exploration-focused company incorporated in Ontario, Canada.

Under this agreement, ERG will transfer to Greyridge its entire shareholding in ERG Middle East S.à r.l, which is the sole owner of ERG’s exploration undertakings in the Kingdom of Saudi Arabia.