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Empress Royalty Corp. (TSXV:EMPR | OTCQB:EMPYF) (“Empress Royalty” or the “Company”) is pleased to announce that it has now closed the second and final tranche of its non-brokered private placement of units (”Units”) raising an additional US$1M in gross proceeds through the sale of an additional 4,316,666 Units. With the second tranche closing, the Company has raised a total of US$2M which is equivalent to C$2.6M in gross proceeds from the sale of a total of 8,666,666 Units at a price of C$0.30 per Unit (the “Offering”).
“The private placement is a fundamental step in the growth of Empress’ vision and business strategy, and we welcome Rick Rule as a long-term strategic investor,” stated Alexandra Woodyer Sherron, CEO and President of Empress Royalty. “The funds raised will be deployed to aggressively evaluate new potential opportunities to expand our diversified portfolio of revenue-generating gold and silver investments. We are focused on executing our strategy of becoming a leading financier to the junior mining industry and creating significant value for our shareholders.” |