Empress Royalty Closes Private Placement and Welcomes New Strategic Investor
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NEWS RELEASE | OCTOBER 25, 2022 | VANCOUVER , BC
EMPRESS ROYALTY CLOSES PRIVATE PLACEMENT
AND WELCOMES NEW STRATEGIC INVESTOR
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION
OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES
Empress Royalty Corp. (TSXV:EMPR | OTCQB:EMPYF) (“ Empress” or the “ Company”) is pleased
to announce that it has now closed the second and final tranche of its non- brokered private
placement of units (”Units”) raising an additional US$ 1M in gross proceeds through the sale of
an additional 4,316,666 Units. With the second tranche closing, the Company has raised a total
of US$2M which is equivalent to C$2.6M in gross proceeds from the sale of a total of 8,666,666
Units at a price of C$0.30 per Unit (the “Offering”).
“The private placement is a fundamental step in the growth of Empress’ vision and business
strategy, and we welcome Rick Rule as a long-term strategic investor,” stated Alexandra Woodyer
Sherron, CEO and President of Empress Royalty. “The funds raised will be deployed to
aggressively evaluate new potential opportunities to expand our diversified portfolio of revenue-
generating gold and silver investments. We are focused on executing our strategy of becoming a
leading financier to the junior mining industry and creating significant value for our
shareholders.”
Each Unit will be comprised of one common share of the Company (a “Common Share”) and one
common share purchase warrant (a “Warrant”). Each Warrant will entitle the holder thereof to
purchase one Common Share (a “Warrant Share”) at a price of C$0.60 for a period of fi ve years
from the closing date of the Offering. In the event, the closing price (or closing bid price on days
when there are no trades) of Common Shares on the TSX Venture Exchange (the “ Exchange”)
exceeds C$1.20 for a minimum of 20 consecutive trading days, the Company may provide written
notice to each holder of Warrants requiring each holder to exercise such Warrants within 30 days
following the date of delivery of such written notice, after which the Warrant will expire. The
Common Shares, Warrants , and Warrant Shares will be subject to a resale hold period under
Canadian securities laws until four months from closing. The Offering is subject to the final
approval of the Exchange.
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The Company intends to use the proceeds of the Offering to evaluate potential royalty and
streaming investment opportunities, increase market awareness in the U.S. , and for general
working capital purposes.
A certain insider of the Company (the "Purchasing Insider") is participating in the Offering. Pursuant to Multilateral
Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"), a purchase by the
Purchasing Insider would be a "related party transaction". The Company is exempt from the requirements to obtain
a formal valuation or minority shareholder approval in connection with the Offering in reliance on sections 5.5(a)
and 5.7(a), respectively, of MI 61- 101, as neither the fair market value of the securities received by such party nor
the proceeds for such s ecurities received by the Company exceeds 25% of the Company's market capitalization as
calculated in accordance with MI 61-101.
The securities offered pursuant to the Offering have not been, and will not be, registered under the U.S. Securities
Act of 1933, as amended (the "U.S. Securities Act") or any U.S. state securities laws, and may not be offered or sold
in the United States or to, or for the account or benefit of, United States persons absent registration or any applicable
exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws.
This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United
States, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would
be unlawful.
ABOUT EMPRESS ROYALTY CORP.
Empress is a global royalty and streaming creation company providing investors with a diversified
portfolio of 17 gold and silver investments. Empress is actively financing mining companies with
development and production stage projects who require additional non -dilutive capital. The
Company has strategic partnerships with Endeavour Financial and Terra Capital which allow
Empress to not only access global investment opportunities but also bring unique mining finance
expertise, deal structuring and access to capital markets. Empress is focused on executing our
strategy of becoming a leading financier to the junior mining industry w hile creating significant
value for our shareholders.
ON BEHALF OF EMPRESS ROYALTY CORP.
Per: Alexandra Woodyer Sherron, CEO and President
For further information, please visit our website at www.empressroyalty.com or contact Kaitlin
Taylor, Investor Communications, by email at [email protected] or by phone at
+1.604.331.2080.
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.
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This news release contains statements about Empress’ expectations concerning the intended uses of
proceeds of the Offering, final regulatory acceptance of the Offering and the Company’s expectations on
future plans and its operations which are forward-looking in nature and, as a result, are subject to certain
risks and uncertainties. Generally, forward- looking statements can be identified by the use of forward-
looking terminology such as “expects”, “believes”, “anticipates”, “aims to”, “plans to” or “intends to” or
variations of such words and phrases or statements that certain actions, events or results “will” occur.
Although Empress believes that the expectations reflected in these forward- looking statements are
reasonable, undue reliance should not be placed on them as actual results may differ materially from the
forward-looking statements. Factors that could cause the actual results to differ materially from those in
forward-looking statements include the assumptions and risks associated with the state of equity financing
markets and results of future activities of the Company. The forward-looking statements contained in this
news release are made as of the date hereof, and Empress undertakes no obligation to update publicly or
revise any forward-looking statements or information, except as required by law. Readers should not place
undue reliance on forward-looking statements or information.