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)

Franco-Nevada To Release First Quarter 2024 Results

Franco-Nevada Corporation announced today that it will report its first quarter 2024 results as follows:



First Quarter 2024 Results Release:

Cision View original content: https://www.prnewswire.com/news-releases/franco-nevada-to-release-first-quarter-2024-results-302119918.html

SOURCE Franco-Nevada Corporation

Cision View original content: http://www.newswire.ca/en/releases/archive/April2024/17/c6761.html

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
Many large stacks of gold bars.

9 Arrests Made in Canada’s Largest Gold Heist

Nine men have been arrested and more than 19 charges laid after an incident last year.

The exploit, which has been described as Canada’s largest gold heist and the sixth largest in the world, was elaborately planned and included a 5 metric ton truck, as well as rudimentary smelting equipment.

According to the police, the shipment of 6,600 gold bars (400 kilograms) valued at C$20 million, plus C$2.1 million in foreign currency, was en route to an undisclosed refinery in Switzerland.

Keep reading...Show less
Sarama Resources

Sarama Completes Second and Final Tranche of Placement

Funds raised will be used to sustain Sarama while it focuses on maximising value from its existing asset base in Burkina Faso, advancing potential opportunities outside Burkina Faso and to fund administration and general working capital costs

Sarama Resources Ltd. (“Sarama” or the “Company”) (ASX:SRR, TSX-V:SWA) is pleased to report that on 17 April 2024, it completed the previously announced A$520,000 equity placement (the “Placement”) (refer to Sarama news releases dated 18 December 2023 and 22 December 2023).

Keep reading...Show less
R3D Resources

Completion of Rights Issue

$0.5 million partial underwrite of the Rights Issue from Breakaway Investment Group

R3D Resources Limited (ASX: R3D) (the Company) (renamed Tartana Minerals Limited) is pleased to advise that the 1 for 5 pro rata entitlement offer of New Shares in the Company at an issue price of $0.05 per New Share, as well as 1 attaching Option exercisable at $0.10 expiring 31 December 2025 for each 2 New Shares subscribed for (the Rights Issue) which opened in November 2023, has now closed. A total of$500k will be raised pursuant to the Rights Issue comprising $114k from eligible shareholders (including under the Top Up Facility) and the balance to come from the Underwriter, Breakaway Investment.
Keep reading...Show less
Brightstar Resources

Aspacia Deposit Records Maiden Mineral Resource at the Menzies Gold Project

Brightstar Resources Limited (ASX: BTR) (Brightstar) is pleased to announce a maiden Mineral Resource Estimate (MRE) at Aspacia, located approximately 1km west of Menzies town (MGP). This MRE was undertaken on over 110 RC and diamond holes including recent programs completed by Brightstar.

Keep reading...Show less
Warriedar Resources

Further High-Grade Extensional Gold Intercepts Returned at Ricciardo

Warriedar Resources Limited (ASX: WA8) (Warriedar or the Company) is pleased to advise of further assay results from drilling undertaken at the Ricciardo deposit (previously known as Silverstone) within its Golden Range Project, located in the Murchison region of Western Australia.

Keep reading...Show less

Latest Press Releases

Related News

×