Empire Rock Minerals Inc. (“Empire”) is pleased to announce that it has agreed to a private placement financing of $200,000 comprised of 1,000,000 units at $0.20 per unit. Each unit consists of one common share and one two-year transferable warrant entitling the holder to purchase one additional share at a price of $0.28 per share. Certain directors and officers are participating in the financing as approved by independent directors. Empire is relying on an exemption from the related party requirements of MI 61-101. A portion of the financing is on a flow-through basis. These 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 for working capital and for exploration of Empire’s properties. The financing is subject to acceptance for filing by the TSX Venture Exchange.
Empire is a Canadian exploration and development company focused on the emerging green energy sector. Empire owns a 100% interest in the Buck Lake platinum, palladium, nickel discovery located 25 km west of the Lac des Iles mine, Thunder Bay, Ontario, Canada. Empire also has an interest in 900,000 acres (362,000 hectares) at the Fox Creek lithium project in Alberta, Canada, where current petroleum production is from lithium enriched brines. Empire has an interest in the Graphite West Project, a prospective hydrothermal graphite exploration target located immediately west of Zenyatta Ventures Ltd.’s Albany hydrothermal graphite deposit; and the Gwyn Lake gold property in Ontario. Empire currently has 20,059,163 shares outstanding. 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
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.