Precious Metals

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES

Empress Royalty Corp. (TSXV:EMPR)(OTCQB:EMPYF) ("Empress" or the "Company") is pleased to announce that it has completed the first tranche of its US$2M private placement by the issuance of 4,350,000 units at C$0.30 each for gross proceeds of US$1M with Rick Rule. The final tranche is expected to close shortly

Empress Royalty Corp., Thursday, September 29, 2022, Press release picture

"It is our absolute pleasure to welcome Rick Rule as a Strategic Investor in Empress Royalty and we look forward to closing the final tranche of this financing imminently," stated Alexandra Woodyer Sherron, CEO & President of Empress.

"I'm delighted to become a shareholder and participate in the growth of Empress Royalty", stated Rick Rule.

The Common Shares, Warrants and Warrant Shares will be subject to a resale hold period under Canadian securities laws until four months from closing. The Offering may close in one or more tranches. The Offering is subject to the approval of the Exchange.

The Company intends to use the proceeds of the Offering to evaluate potential royalty and streaming investment opportunities, increase market awareness in the U.S., and for general working capital purposes.

The securities to be offered pursuant to the Offering have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act") or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, United States persons absent registration or any applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

ABOUT Empress Royalty Corp.

Empress is a global royalty and streaming creation company providing investors with a diversified portfolio of gold and silver investments. Since listing in December 2020, Empress has built a portfolio of 17 precious metal investments and is actively investing in mining companies with development and production stage projects who require additional non-dilutive capital. The Company has strategic partnerships with Endeavour Financial and Terra Capital which allow Empress to not only access global investment opportunities but also bring unique mining finance expertise, deal structuring and access to capital markets. Empress is looking forward to continuously creating value for its shareholders through the proven royalty and streaming models.

ON BEHALF OF Empress Royalty Corp.

Per: Alexandra Woodyer Sherron, CEO and President

For further information, please visit our website at www.empressroyalty.com or contact Kaitlin Taylor, Investor Communications, by email at info@empressroyalty.com or by phone at +1.604.331.2080.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release contains statements about Empress' expectations concerning the completion of the Offering, the intended uses of proceeds of the Offering, regulatory acceptance of the Offering and the Company's expectations on future plans which are forward-looking in nature and, as a result, are subject to certain risks and uncertainties. Generally, forward-looking statements can be identified by the use of forward-looking terminology such as "expects", "believes", "anticipates", "aims to", "plans to" or "intends to" or variations of such words and phrases or statements that certain actions, events or results "will" occur. Although Empress believes that the expectations reflected in these forward-looking statements are reasonable, undue reliance should not be placed on them as actual results may differ materially from the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include the assumptions and risks associated with the state of equity financing markets and results of future activities of the Company. The forward-looking statements contained in this news release are made as of the date hereof, and Empress undertakes no obligation to update publicly or revise any forward-looking statements or information, except as required by law. Readers should not place undue reliance on forward-looking statements or information.

SOURCE: Empress Royalty Corp.



View source version on accesswire.com:
https://www.accesswire.com/718250/Empress-Royalty-Completes-First-Tranche-of-Private-Placement

News Provided by ACCESSWIRE via QuoteMedia

EMPR:CA
empress royalty corp

Empress Royalty


Keep reading...Show less
Empress Royalty Closes Private Placement and Welcomes New Strategic Investor

Empress Royalty Closes Private Placement and Welcomes New Strategic Investor

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES

Empress Royalty Corp. (TSXV:EMPR)(OTCQB:EMPYF) ("Empress" or the "Company") is pleased to announce that it has now closed the second and final tranche of its non-brokered private placement of units ("Units") raising an additional US$1M in gross proceeds through the sale of an additional 4,316,666 Units. With the second tranche closing, the Company has raised a total of US$2M which is equivalent to C$2.6M in gross proceeds from the sale of a total of 8,666,666 Units at a price of C$0.30 per Unit (the "Offering

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Empress Royalty Shareholders Approve all Resolutions at Annual General Meeting

Empress Royalty Shareholders Approve all Resolutions at Annual General Meeting

Empress Royalty Corp. (TSXV:EMPR | OTCQB:EMPYF) ("Empress" or the "Company") reports that following the Company's Annual General and Special Meeting, held on September 28, 2022, Shareholders of the Company voted in favour of management's director nominees and the re-appointment of the auditors. Following the new share-based compensation policy adopted by the TSX Venture Exchange in November 2022, Shareholders of the Company also voted in favour of the Company's replacement 10% "rolling" stock option plan ("Option Plan") and a new equity incentive plan ("Equity Plan"). The Board of Directors approved the Option Plan and Equity Incentive Plan on July 18, 2022, subject to regulatory and shareholder approval

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Empress Royalty Reports First Gold Pour at Manica Gold Mine

Empress Royalty Reports First Gold Pour at Manica Gold Mine

Empress Royalty Corp. (TSXV:EMPR)(OTCQB:EMPYF) ("Empress" or the "Company") is pleased to report the Manica gold mine ("Manica" or the "Mine") has successfully completed its first gold pour. Empress owns a 3.375% gold royalty on the Manica gold mine located in Mozambique and operated by Mutapa Mining & Processing LDA ("MMP

"The first gold pour at Manica is very exciting and a further example of Empress delivering on our strategy as another asset reaches production within 15 months of investment. With this development, Empress will have three cash-flowing investments in the portfolio which are projected to generate significant revenue in the coming years," stated Alexandra Woodyer Sherron, CEO & President of Empress. "We have demonstrated that our structured business model of wealth creation generates significantly higher returns on investment, and these will provide a solid platform whilst we expand the portfolio with more value-focused assets."

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Empress Royalty Receives First Silver from Tahuehueto Mine

Empress Royalty Receives First Silver from Tahuehueto Mine

Empress Royalty Corp. (TSXV:EMPR | OTCQB:EMPYF) ("Empress" or the "Company") is pleased to announce the Company has received the first payable silver ounces from the silver stream agreement on the Tahuehueto Mine ("Tahuehueto" or the "Mine"). Tahuehueto Mine is located in Durango, Mexico, 100% owned and operated by Altaley Mining Corporation ("Altaley

"I am excited to announce Empress has received its first payment of silver ounces from the Tahuehueto mine. It's only been 12 months since the Tahuehueto silver stream was completed and this is a major milestone to see a development asset move forward to generate revenue for the Company", stated Alexandra Woodyer Sherron, CEO and President of Empress. "Tahuehueto is an exceptional asset which is expected to generate significant revenue for Empress. It gives Empress direct exposure to silver and combined with our low G&A provides an effective hedge against inflation pressures as seen in other industries. Empress continues to build a strong portfolio of revenue generating gold and silver royalties and streams and Tahuehueto demonstrates our ability to deliver value to our shareholders."

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Empress Royalty Announces Pre-Production at Manica Gold Mine

Empress Royalty Announces Pre-Production at Manica Gold Mine

Empress Royalty Corp. (TSXV:EMPR)( OTCQB:EMPYF) ("Empress" or the "Company") is pleased to announce that pre-production has commenced at the Manica Gold Mine ("Manica" or the "Mine"). The Company owns a 3.375% royalty on Manica, which is located in Mozambique and operated by Mutapa Mining & Processing LDA ("MMP

"Congratulations to the team at MMP for their hard work and dedication in taking Manica from a development stage project into a producing mine," stated Alexandra Woodyer Sherron, CEO and President of Empress Royalty. "The Manica Gold Mine is our second development asset reaching pre-production and demonstrates our team's ability to make strategic investments that create significant returns and value for our shareholders."

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Prismo Metals Announces Brokered Private Placement of Units for Gross Proceeds of up to $3,016,000

Prismo Metals Announces Brokered Private Placement of Units for Gross Proceeds of up to $3,016,000

Prismo Metals Inc. (CSE: PRIZ) ("Prismo" or the "Company") is pleased to announce that it has entered into an agreement with PI Financial Corp. (the "Lead Agent") to act as lead agent on behalf of a syndicate of agents (together with the Lead Agent, the "Agents") in connection with a best efforts private placement of up to 5,800,000 units (each, a "Unit"), at a price of $0.52 per Unit, for maximum aggregate gross proceeds of up to $3,016,000 (the "Offering").

Each Unit shall be comprised of one common share ("Common Share") in the capital of the Company and one-half of one (1/2) of a Common Share purchase warrant ("Warrant") of the Company. Each whole Warrant shall entitle the holder thereof to acquire one additional Common Share at a price of $0.75 for a period of three (3) years from the closing date (the "Closing Date") of the Offering. The net proceeds from the issuance of the Units will be used for general working capital purposes.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Red Pine discovers two high-grade structures: Intersects 5.57 g/t gold over 8.51 m west of the Surluga Deposit and 10.18 g/t gold over 4.89 m south of the Sadowski Zone

Red Pine discovers two high-grade structures: Intersects 5.57 g/t gold over 8.51 m west of the Surluga Deposit and 10.18 g/t gold over 4.89 m south of the Sadowski Zone

Red Pine Exploration Inc. (TSXV: RPX) (OTCQB: RDEXF) (" Red Pine " or the "Company") is pleased to report new results from its 2022 exploration program. Red Pine continues to expand the footprint of mineralization outside the current resource of the Surluga Deposit and quantify additional gold bearing structures on the property.

The exploration program of Red Pine continues to validate the presence of a large gold system on the Wawa Gold Project.

News Provided by PR Newswire via QuoteMedia

Keep reading...Show less
Fabled Silver Gold Corp Announces Results of Annual General Meeting And Closing of Private Placement

Fabled Silver Gold Corp Announces Results of Annual General Meeting And Closing of Private Placement

Fabled Silver Gold Corp. ("Fabled" or the "Company") (TSXV:FCO)(OTCQB:FBSGF)(FSE:7NQ) is pleased to announced that all proposed resolutions were approved at the Company's Annual General Meeting of Shareholders held on October 27, 2022

Shareholders voted in favor of all the resolutions proposed by the Board of Directors and management of the Company. A total of 33,569,956 common shares were voted, representing 15.62% of total shares issued and outstanding as of the record date.

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Prismo Metals Announces Palos Verdes Drilling Results and Corporate Update

Prismo Metals Announces Palos Verdes Drilling Results and Corporate Update

Additional Drilling Planned at Palos Verdes in January 2023

 Prismo Metals Inc. (CSE: PRIZ) (OTCQB: PMOMF) (the "Company" or "Prismo") is pleased to announce assay results for the first five holes in the recent drilling program at its Palos Verdes project, located in the historic Panuco-Copala district of the state of Sinaloa, Mexico. Assays for the last three holes of the 2022 drilling campaign are expected by the end of December.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Maxwell Gold Property Geophysical Survey Commences and JMW Property Diamond Drilling to Begin, Chapais-Chibougamau Area, Quebec

Maxwell Gold Property Geophysical Survey Commences and JMW Property Diamond Drilling to Begin, Chapais-Chibougamau Area, Quebec

Newfoundland Discovery Corp. (CSE: NEWD) (OTC PINK: NEWDF) (FSE: M4K) ("Newfoundland Discovery" or the "Company") is pleased to announce that a 1,000-line kilometre airborne Triaxial Gradient Magnetometer ("MAG") survey has commenced on the Maxwell gold property ("Maxwell") in the Chapais-Chibougamau area of Quebec (see location map below). The MAG survey will cover the entire 9,400-hectare property.

Maxwell is a project that the Company entered into an option agreement with Gitennes Exploration Inc. (TSXV: GIT) to acquire up to an 85% interest in on November 3rd, 2022. The project is situated between two of Iamgold Corporation's properties with the Monster Lake high grade gold property six km to the east (see Figure 1). Maxwell has several occurrences of gold in both the fine and heavy fraction of glacial tills and the gold in tills is associated with mapped structures. The structures are northeast trending, similar to Iamgold's Nelligan property. Maxwell has seen very little exploration and several EM geophysical anomalies remain untested.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Red Pine discovers two high-grade structures: Intersects 5.57 g/t gold over 8.51 m west of the Surluga Deposit and 10.18 g/t gold over 4.89 m south of the Sadowski Zone

Red Pine discovers two high-grade structures: Intersects 5.57 g/t gold over 8.51 m west of the Surluga Deposit and 10.18 g/t gold over 4.89 m south of the Sadowski Zone

Red Pine Exploration Inc. (TSXV: RPX, OTCQB: RDEXF) ("Red Pine" or the "Company") is pleased to report new results from its 2022 exploration program. Red Pine continues to expand the footprint of mineralization outside the current resource of the Surluga Deposit and quantify additional gold bearing structures on the property.

The exploration program of Red Pine continues to validate the presence of a large gold system on the Wawa Gold Project.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×