TORONTO – February 26, 2021 – Empire Industries Ltd. (TSX-V: EIL, OTC:ERILF) (“Empire”, “EIL”, “us”, “our”, “we” or the “Company”) is pleased to announce that further to its February 24, 2021 news release it has sold an aggregate of 12,538,595 common shares (the “Shares”) in the capital of Tornado Global Hydrovacs Ltd. (TSXV:TGH) at an average price of $0.168per Share for aggregate gross proceeds of CAD $2,107,942.50 (the “Transaction”).
WINNIPEG – February 24, 2021 – 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 10 arm’s-length purchasers to sell an aggregate of 12,538,595 common shares (the “Shares”) in the capital of Tornado Global Hydrovacs Ltd. (TSXV:TGH) (“Tornado”) at an average price of $0.168 per Share for aggregate gross proceeds of CAD $2,107,942.50 (the “Transaction”). The Company intends to close the Transaction as soon as possible and use the net proceeds of the Transaction for general working capital purposes.
TORONTO – February 22, 2021 – Empire Industries Ltd. (TSXV: EIL, OTC:ERILF) ( the “Company”) is pleased to announce that, effective Monday, March 1, 2021, its name will change to Dynamic Technologies Group Inc. and its stock trading symbol will change to TSXV:DTG (the “Name Change”). For our American investors, our OTC ticker symbol remains unchanged. The Company’s new CUSIP is 26801T102 and its new ISIN is CA26801T1021. The Company’s new website, www.dynamictechgroup.com, will also launch on March 1, 2021.
Through all the hurdles that 2020 put out we have been able to not only survive, but improve our efficiencies, partnerships and service to be able to emerge a stronger and over all better company that is providing value to our communities and industry.
The announcement came as a surprise to many. In the midst of a global pandemic that is severely affecting all sectors of the economy – and the theme park industry in particular – early last summer Futuroscope unveiled a massive investment plan of 300 million euros over ten years.
