Empire announces private placement of convertible Preferred 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 financing of up to 850,000 convertible preferred shares (“Preferred Shares”) at an issue price of $10.00 per share (the “Issue Price”) for gross proceeds to the Company of up to $8,500,000 (the “Offering”).