Empire was the co-lead manager and originator, along with GTT Ventures, of the Goshawk Energy acquisition and associated capital raisings. On 12 August 2020, GLV announced on market its exclusive option to acquire a 20% equity interest in strategic WA oil and gas player, Goshawk Energy. On 3 September 2020, after a satisfactory completion of GLV’s due diligence, GLV exercised their exclusive option to proceed with the acquisition. To facilitate the acquisition and fund GLV’s future work program, Empire and GTT were lead managers for a Placement to raise $1,000,000 @ $0.07/share and a rights issue to raise a further ~$700,000 @ $0.07/share. Additionally, Empire and GTT were again lead managers for GLV’s Share Placement – 100,000,000 full paid ordinary shares @ $0.011 to raise $1,100,000 before costs – for working capital purposes, advancement of EP127 and to fund new opportunities in the oil and gas sector.