Sale and Leaseback Nets Empire Industries Ltd. Proceeds of $9.5MM
Winnipeg, Manitoba, July 31st, 2009 � Empire Industries Ltd. (TSX-V: EIL) (�Empire� or the �Company�), today announced that it has completed the sale and leaseback of its Kingsway property in B.C. for proceeds in excess of the underlying book value. Empire used the net proceeds received of $9.5 million to reduce both the Company�s secured …