Empire Industries Ltd. (TSX-V: “EIL”, “Empire” or the “Company”) is pleased to announce that 100% of the holders of the issued and outstanding Preferred Shares (defined below) agreed to exchange all of their Preferred Shares for Class “A” Common Shares (“Common Shares”) of the Company effective December 31, 2019.
Empire Industries Ltd. (TSX-V: “EIL”, “Empire” or the “Company”) is pleased to announce that subject to final acceptance from the TSX Venture Exchange, it has completed the second and final tranche closing of the previously announced non-brokered private placement (the “Private Placement”) and issued 16,436,414 common shares (each a “Share” and together the “Shares”) in the capital of the Company at an issue price of $0.41 per share for gross proceeds from the final tranche closing to the Company of $6.75 million.
Empire Industries Ltd. (TSX-V: “EIL”, “Empire” or the “Company”) is pleased to announce, subject to the approval of the TSX Venture Exchange (“TSX-V”), that the Company is prepared to incentivize the holders of all of the issued and outstanding Preferred Shares (defined below) to exchange the same for Class “A” Common Shares (“Common Shares”) of the Company on or before December 31, 2019.
Trans Studio Theme Park is pleased to announce the launch of Flying Over Indonesia, a new flying theatre attraction set to wow visitors. This brand new theme park in Bali, considered the first ‘Instagrammable’ theme park, is now open to the public after a grand opening ceremony last weekend.
Empire Industries Ltd. (TSX-V: “EIL”, “Empire” or the “Company”) is pleased to announce that it has completed the first closing of the previously announced non-brokered private placement (the “Private Placement”) and issued 7,317,073 common shares (each a “Share” and together the “Shares”) in the capital of the Company at an issue price of $0.41 per share for gross proceeds to the Company of $3 million.
Empire Industries Ltd. (TSX-V: EIL, OTC:ERILF) (“Empire”, “EIL”, “us”, “our”, “we” or the “Company”) is pleased to announce that further to its December 5, 2019 news release it has sold an aggregate of 17,588,126 common shares (together the “Tornado Shares” and each a “Tornado Share”) in the capital of Tornado Global Hydrovacs Ltd. (TSXV:TGH) (“Tornado”) to four third party purchasers at a price of $0.17 per Share for aggregate gross proceeds of CDN$2.99 million (the “Transaction”).
Empire Industries Ltd. (TSX-V: EIL, OTC:ERILF) (“Empire”, “EIL”, “us”, “our”, “we” or the “Company”) is pleased to announce that, subject to the approval of the TSX Venture Exchange (“TSX-V”), the Company has entered into agreements with 4 arm’s-length purchasers to sell an aggregate of 17,588,126 common shares (together the “Tornado Shares” and each a “Tornado Share”) in the capital of Tornado Global Hydrovacs Ltd.
Many parks are using intellectual property (IP) agreements to connect better with their audience. Brands like the Harry Potter franchise are being used to drive consumers through park turnstiles.
Empire Industries Ltd. (TSX-V: “EIL”, “Empire” or the “Company”) is pleased to announce that it intends to complete a non-brokered private placement to a single investor of 20,731,707 common shares at an issue price of $0.41 per share for gross proceeds to the Company of $8,500,000 (the “Private Placement”).
