21:04:12 EDT Tue 14 May 2024
Enter Symbol
or Name
USA
CA



Empire Metals Corp
Symbol EP
Shares Issued 98,298,925
Close 2023-12-12 C$ 0.08
Market Cap C$ 7,863,914
Recent Sedar Documents

Empire Metals arranges $180,000 private placement

2023-12-15 16:38 ET - News Release

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.

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