Empress Closes C$15.75 Million Bought Deal Public Offering
Summary
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATESVANCOUVER, BC / ACCESSWIRE / March 25, 2021 / Empress Royalty Corp. (TSXV:EMPR)(OTCQB:EMPYF) ("Empress" or the "Company") is pleased to announce that it has closed its previously announced bought deal public offering (the "Offering"). The net proceeds from the Private Placement will be allocated to the Companys cash reserve retained for future acquisitions, due diligence and expenditures and for general corporate purposes. Empress has a portfolio of 15 investments and is actively focused on finding industry partners with development and production stage projects who require additional non-dilutive capital. Empress is looking forward to continuously creating value for its shareholders through the proven royalty and streaming models.For further information, please visit our website at www.empressroyalty.com or contact Alexandra Woodyer Sherron, CEO and President, by phone at +1.604.331.2080 or email at info@empressroyalty.com.Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.This news release contains statements about Empress expectations which are forward-looking in nature and, as a result, are subject to certain risks and uncertainties. Factors that could cause the actual results to differ materially from those in forward-looking statements include potential changes in the intended use of the net proceeds of the Offering and the Private Placement, receipt of final acceptance of the TSX Venture Exchange in respect of the Offering and the Private Placement, Empress not being successful in identifying suitable investment opportunities, being able to successfully complete technical, financial or legal diligence in respect of investment opportunities it has identified, or being able to negotiate and enter into binding agreements for royalty or stream deals with potential counterparties.