captial

Terra Capital Increases Its Position in Empress Royalty

Empress Royalty Corp. (TSXV:EMPR | OTCQB:EMPYF) ("Empress" or the "Company") reports that Terra Capital Natural Resource Fund Pty Ltd. ("Terra Capital") has purchased 500,000 common shares of the Company in the market thereby increasing its holdings to a total of 14,383,461 common shares

Jeremy Bond commented on the reason for Terra Capital increasing its shareholding in Empress: "Since its inception less than one year ago Empress has developed a unique business strategy and transformed itself through the creation of three new royalties and streams on development stage projects. As Empress continues to deliver and execute on its growth plans by including producing assets in its portfolio, I expect its shares to re-rate materially."

Prior to the acquisition, Terra Capital owned or controlled 13,883,461 common shares of the Company representing 13.28% of the issued and outstanding shares and 14.1% assuming the exercise of 1,000,000 share purchase warrants (the "Warrants") held by Terra Capital. After the market acquisition of 500,000 common shares Terra Capital now owns or controls 14,383,461 common share of the Company representing 13.75% of the outstanding common shares and 14.57% assuming the exercise the Warrants, reflecting an increase of 0.5% of the 104,574,385 issued and outstanding common shares of Empress.

Terra Capital has a long-term view of the investment and may acquire additional securities either on the open market or through private acquisitions or sell the securities either on the open market or through private dispositions in the future depending on market conditions, reformulation of plans and/or other relevant factors. A copy of the early warning report required to be filed with the applicable securities commissions in connection with Terra Capital's total position will be available on SEDAR at www.sedar.com

ABOUT Empress Royalty Corp.

Empress Royalty is a new precious metals royalty and streaming company focused on the creation of unique financing solutions for mining companies. Empress has a portfolio of 16 investments and is actively focused on finding industry partners with development and production stage projects who require additional non-dilutive capital. The Company has strategic partnerships with Endeavour Financial, Terra Capital and Accendo Banco 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 Alexandra Woodyer Sherron, CEO and President, by phone at +1.604.331.2080 or email at info@empressroyalty.com.

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 regarding the Stream Purchase Agreement 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 timing and success of Telson constructing its plant at the Tahuehueto project and bringing the project into profitable production. 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/654193/Terra-Capital-Increases-Its-Position-in-Empress-Royalty

News Provided by ACCESSWIRE via QuoteMedia

The Conversation (0)
Empress Royalty (TSXV:EMPR)

Empress Royalty

Precious Metals Streaming and Royalty Investments

Precious Metals Streaming and Royalty Investments Keep Reading...
Gold bars in front of the Venezuelan flag.

Venezuela Gold Set for US Market in Brokered Deal

A new US-Venezuela gold deal could soon channel hundreds of kilograms of bullion from the South American nation into American refineries.Venezuela’s state-owned mining company, Minerven, has agreed to sell between 650 and 1,000 kilograms of gold dore bars to commodities trading house Trafigura... Keep Reading...
Rick Rule, mine site.

Rick Rule: Gold Price During War, Silver Strategy, Oil Stock Game Plan

Rick Rule, proprietor at Rule Investment Media, shares updates on his current strategy in the resource space, mentioning gold, silver, oil and agriculture. He also reminds investors to pay more attention to gold's underlying drivers than to current events.Click here to register for the Rule... Keep Reading...
Lobo Tiggre, gold bars.

Lobo Tiggre: Gold, Oil in Times of War, Plus My Shopping List Now

Lobo Tiggre of IndependentSpeculator.com shares his thoughts on how gold, silver and oil could be impacted by the developing situation in the Middle East. He cautioned investors not to chase these commodities if prices run. Don't forget to follow us @INN_Resource for real-time updates!Securities... Keep Reading...
TomaGold President, CEO and Director David Grondin.

TomaGold: New High-grade Deep Discovery at Berrigan Mine

TomaGold (TSXV:LOT) President, CEO and Director David Grondin said the company is focusing on its flagship Berrigan mine in Chibougamau, Québec, following a large, significant discovery at depth.Berrigan is 4 kilometers northwest of the city of Chibougamau and has existed for about 50 years.... Keep Reading...
Oreterra Metals CEO and Director Kevin Keough.

Oreterra Metals Fully Financed for Maiden Discovery Drilling at Trek South

Oreterra Metals (TSXV:OTMC) is set to launch its first-ever discovery drill program at the Trek South porphyry copper-gold prospect in BC, Canada, a pivotal moment following a corporate restructuring that culminated in the company emerging under its new name on February 2.Speaking at the... Keep Reading...
Oreterra Metals (TSXV:OTMC)

Oreterra Metals

Get access to more exclusive Gold Investing Stock profiles here Keep Reading...

Interactive Chart

Latest Press Releases

Related News