Empire Announces $8.5 million Private Placement of Common Shares
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”).