Mr. Mark Patchett reports
$180,000 FINANCING
Empire Metals Corp. has agreed to a private placement financing of
$180,000 comprising the sale of three million units at six cents per unit. Each unit consists of one
common share and one transferable warrant, each such warrant entitling the holder to purchase
one additional share at a price of eight cents per share for five years. Empire is relying on an
exemption from the related party requirements of Multilateral Instrument 61-101 for participation by control persons
and other insiders of Empire in the financing which participation only occurs following approval
in advance by independent directors. A portion of the financing is on a flow-through basis. Units
will entitle holders to receive the tax benefits applicable to flow-through shares in accordance
with provisions of the Income Tax Act (Canada). Proceeds of the financing will be used to finance
exploration, pay debt, and for working capital and corporate purposes. The financing is subject to
acceptance for filing by the TSX Venture Exchange.
About Empire Metals Corp.
Empire is a Canadian exploration and development company. Empire holds a 100-per-cent interest in
the Buck Lake platinum, palladium, nickel and gold project located in Ontario, near the Lac Des
Iles platinum-palladium mine. Empire also holds a controlling interest in the Fox Creek lithium
project in Alberta and the Gwyn Lake gold project located in the heart of the historic Beardmore-Geraldton greenstone gold belt in Ontario.
We seek Safe Harbor.
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