Mr. Mark Patchett reports
FINANCING INCREASED TO $220,000
Empire Metals Corp. is increasing its
private placement financing announced on Dec. 15, 2023, to $220,000 composed of the sale
of 3,666,666 units at six cents per unit. All other terms of the financing remain the same. 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 Metals 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 Metals 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, to pay debt, and for working capital and corporate purposes. The
financing is subject to acceptance for filing by the TSX Venture Exchange.
Empire Metals is a Canadian exploration and development company. Empire Metals 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 Metals 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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