EMPRESS ANNOUNCES C$12 MILLION BOUGHT DEAL PUBLIC OFFERING

emprnr2021-07_boughtdealfinancing

Empress Royalty Corp. (TSXV:EMPR │ OTCQB:EMPYF) (“Empress” or the “Company”) is pleased to announce that it has entered into an agreement with Red Cloud Securities Inc. and Canaccord Genuity Corp. to act as co-lead underwriters on behalf of a syndicate of underwriters (collectively, the “Underwriters”) pursuant to which the Underwriters shall purchase for resale 24,000,000 units of the Company (the “Units”) at a price of C$0.50 per Unit (the “Offering Price”) on a “bought deal” basis for gross proceeds of C$12,000,000 (the “Offering”). Each Unit shall be comprised of one common share in the capital of the Company (each a “Common Share”) and one half of one common share purchase warrant (each whole purchase warrant a “Warrant”). Each Warrant shall be exercisable into one common share (a “Warrant Share”) at a price of C$0.75 at any time on or before the date which is 24 months after the closing date of the Offering.

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