Empire Announces Closing of Private Placement
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.