February 16, 2016 – Empire Rock Minerals Inc. (“Empire Rock”)(TSX.V-EPR) announces that it has agreed to a $200,000 loan from Blizzard Finance Corp. (“Blizzard”) for corporate purposes. The loan is unsecured and bears interest at a rate of 20% per annum, compounded quarterly. The loan’s term is one year, after which it will be repayable on demand. The loan may be repaid at any time. In connection with the loan the Company has agreed to grant a bonus to Blizzard comprised of 500,000 common shares in its capital which is equivalent to 20% of the value of the Loan at a deemed price of $0.08 per share, subject to TSX Venture Exchange acceptance for filing. Blizzard and Empire Rock have one director in common.
Empire Rock is a Canadian exploration and development company whose principal assets are the Buck Lake platinum, palladium, nickel project situated 25 kilometers west of North American Palladium Corp.’s Lac des Iles mine near Thunder Bay, Ontario, Canada. Empire Rock also holds an interest in the Graphite West Project which is considered to be highly prospective for hydrothermal graphite and is located immediately west of Zenyatta Ventures Ltd.’s Albany hydrothermal graphite project and has an interest in the Gwyn Lake gold prospect in Northwestern Ontario.
Empire’s common shares are listed and called for trading on the TSX Venture Exchange with the trading symbol “EPR”.
For further information contact:
Lisa M. Chapman, President
E-mail: [email protected]
Tel: 604.683.3288 ext. 1009
EMPIRE ROCK MINERALS INC.
PER: “Lisa Chapman”
LISA M. CHAPMAN
President & CEO
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or the accuracy of this release. Cautionary Note to US Investors: This news release may contain information about adjacent properties on which we have no right to explore or mine. We advise U.S. investors that the SEC’s mining guidelines strictly prohibit information of this type in documents filed with the SEC. U.S. investors are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on our properties. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements