Empire Industries Announces Closing of Second Subscription Receipt Private Placement by Affiliate
CALGARY, March 1, 2016 – Empire Industries Ltd. (“Empire”) (EIL: TSX-V) is pleased to announce that, further to its news release dated February 1, 2016, the wholly-owned subsidiary of Empire, Tornado Global Hydrovacs Inc. (“Tornado”), has closed a second private placement of subscription receipts for aggregate gross proceeds of RMB 11,946,110 (approximately $2,500,000) (the “Second …