Empress Royalty Welcomes New Strategic Investor, Strengthens Management Team & Grants Stock Options & Equity Incentives
Empress Royalty Welcomes New Strategic Investor, Strengthens Management Team &
Grants Stock Options & Equity Incentives
VANCOUVER, BC / ACCESSWIRE / June 26, 2023 / Empress Royalty Corp.
(TSXV:EMPR)(OTCQX:EMPYF) ("Empress Royalty" or the "Company") is pleased to
welcome a new strategic investor Gleason & Sons LLC ("Gleason & Sons"). Gleason & Sons
has acquired nearly seven million common shares of Empress Royalty via a series of open
market purchases and cross trades in recent weeks.
"We look for undervalued royalty companies with low overhead, experienced management
teams, and an emphasis on generating near-term cash flows," said Stefan Gleason, Managing
Director of Gleason & Sons. "We believe Empress has identified a sub-sector that has scant
access to royalty financing, and the Empress team has the expertise to underwrite these high-
yield opportunities along with the commitment to conduct the due diligence needed".
"I am excited to welcome Stefan Gleason as a long-term strategic investor in Empress," stated
Alexandra Woodyer Sherron, CEO & President of Empress Royalty. "Mr. Gleason has a proven
track record of entrepreneurial success in the precious metals investment industry in the United
States. We continue to drive growth and build the solid foundation for Empress' future as a
leading junior royalty and streaming company."
Gleason & Sons is the family office of Stefan Gleason, a Charlotte-based entrepreneur who owns
several privately held businesses in the United States, including Money Metals Exchange LLC.
Money Metals is one of the largest precious metals dealers and depositories in North America
with 500,000 customers and approximately $1 billion in annual revenues.
APPOINTMENT OF CORPORATE SECRETARY
Empress Royalty is also pleased to announce the appointment of Michelle Borthwick to the
position of Corporate Secretary.
"It is my pleasure to have Michelle Borthwick joining our team as Corporate Secretary, and to
be working with Michelle again," stated Alexandra Woodyer Sherron, CEO & President of
Empress Royalty. "She brings a wealth of knowledge and experience that I know will be a valued
addition to our dynamic team and growth plans."
Ms. Borthwick is a corporate finance and governance professional with over 25 years' experience
in senior corporate finance and governance roles providing advice and support to various
publicly listed issuers on the Toronto Stock Exchange, TSX Venture Exchange, Canadian
Securities Exchange and OTCMarkets. She is the Founder and Principal of Peakshore Consulting
Inc., a corporate development consulting firm and Vice President, Corporate Finance of Fiore
Management & Advisory Corp. Prior to that, she was Vice President, Corporate Affairs and
Corporate Secretary of Endeavour Mining Corporation and VP Corporate Finance of its
predecessor financial advisory company, Endeavour Financial Corporation.
Ms. Borthwick will be replacing Ms. Christina Boddy who is departing Empress to pursue other
endeavors. The Company wishes to thank Ms. Boddy for her service and wishes her all the best
in the future.
STOCK OPTION AND EQUITY INCENTIVE GRANTS
Empress Royalty also announces that the Board of Directors has approved the grant of 1,150,000
incentive stock options (the "Options") to purchase an aggregate of 1,150,000 common shares
(the "Common Shares") of the Company to certain directors, officers, employees, and
consultants of the Company. Each Option is exercisable into one Common Share at an exercise
price of $0.35. The Options are subject to certain vesting conditions and expire five years from
the grant date.
In addition, the Board of Directors has also approved the grant of restricted share units ("RSUs")
representing the right to receive up to an aggregate of 1,500,000 Common Shares and deferred
share units ("DSUs") representing the right to receive up to an aggregate of 1,750,000 Common
shares to certain directors and officers of the Company. Each of the DSU and RSU grants are
subject to the satisfaction of certain vesting conditions.
All grants of Options, RSUs and DSUs are subject to the Company's Stock Option Plan and/or
Equity Incentive Plan, which were approved by the shareholders of the Company at its last
annual meeting of shareholders held on September 28, 2022.
ABOUT EMPRESS ROYALTY CORP.
Empress is a global royalty and streaming creation company providing investors with a
diversified portfolio of gold and silver investments. Since listing in December 2020, Empress has
built a portfolio of precious metal investments and is actively investing in 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 looking forward to
continuously creating value for its shareholders through the proven royalty and streaming
models.
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 the 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 press release.
Forward Looking Information
The information contained herein includes "forward-looking statements" and "forward looking
information" as defined under applicable Canadian securities laws ("forward-looking
statements"). Forward-looking statements and information can generally be identified by the use
of terms such as "may", "will", "should", "expect", "intend", "estimate" ,"continue", "believe",
"plans", "anticipate" or similar terms.
Forward-looking information and statements include, but are not limited to, statements with
respect to the activities, events or developments that Empress Royalty Corp. ("Empress" or the
"Company") expects or anticipates will or may occur in the future, including those regarding
future growth and ability to create new streams or royalties, the development and focus of the
Company , its acquisition strategy, the plans and expectations of the operators of the projects
underlying its interests, including the proposed advancement and expansion of such projects; the
results of exploration, development and production activities of the operators of such projects;
and the Company's expectations regarding future revenues.
Forward-looking information and statements are based on the then current expectations, beliefs,
assumptions, estimates and forecasts about Empress's business and the industry and markets in
which it operates. Forward-looking information and statements are made based upon numerous
assumptions and although the assumptions made by the Company in providing forward-looking
information and statements are considered reasonable by management at the time, there can be
no assurance that such assumptions will prove to be accurate. Forward-looking information and
statements also involve known and unknown risks and uncertainties and other factors, which
may cause actual results, performances and achievements of Empress to differ materially from
any projections of results, performances and achievements of Empress including, without
limitation, any inability of the operators of the properties underlying the Company's royalty and
stream interests to execute proposed plans for such properties or to achieve planned
development and production estimates and goals, risks related to the operators of the projects in
which the Company holds interests, including the successful continuation of operations at such
projects by those operators, risks related to exploration, development, permitting, infrastructure,
operating or technical difficulties on any such projects, risks related to international operations,
government relations and environmental regulation, uncertainty relating to the availability and
costs of financing needed in the future and the Company's ability to carry out its growth plans as
well as the impact of the COVID-19 pandemic and other related risks and uncertainties. For a
discussion of important factors which could cause actual results to differ from forward-looking
statements, refer to the annual information form of Empress Royalty Corp. for the year ended
December 31, 2022 and its other publicly filed documents under its profile at www.sedar.com.
Although the Company has attempted to identify important factors that could cause actual
results to differ materially from those contained in the forward-looking information and
statements, there may be other factors that cause results not to be as anticipated, estimated, or
intended. There can be no assurance that forward-looking information and statements will prove
to be accurate, as actual results and future events could differ materially from those anticipated,
estimated or intended. Accordingly, readers should not place undue reliance on forward-looking
information and statements. The Company undertakes no obligation to update or reissue
forward-looking information as a result of new information or events except as required by
applicable securities laws. Disclosure relating to properties in which Empress holds royalty or
stream interests is based on information publicly disclosed by the owners or operators of such
properties. The Company generally has limited or no access to the properties underlying its
interests and is largely dependent on the disclosure of the operators of its interests and other
publicly available information. The Company generally has limited or no ability to verify such
information. Although the Company does not have any knowledge that such information may not
be accurate, there can be no assurance that such third-party information is complete or
accurate. In addition, certain information publicly reported by operators may relate to a larger
property than the area covered by the Company's interest, which often may only apply to a
portion of the overall project area or applicable mineral resources or reserves.
SOURCE: Empress Royalty Corp.