Empress Royalty Corp. announced a non-brokered private placement of 6,500,000 units at the price of CAD 0.30 per unit for gross proceeds of CAD 1,950,000 on September 8, 2022. Each unit shall be comprised of one common share and one common share purchase warrant.

Each whole warrant shall be exercisable into one common share at a price of CAD 0.60 for a period of five years from the closing date. The common shares, warrants and warrants shares will be subject to a resale hold period under Canadian securities laws until four months from closing. The transaction may close in one or more tranches.

The transaction is subject to the approval of the TSX Venture Exchange.