Empire Petroleum Corporation , an operator of conventional oil and gas properties, today announced the New York Stock Exchange has approved the listing of the Company's common stock to the NYSE American. In connection with the uplisting, the Company's trading ticker will change to "EP". Both changes will be effective at the open of trading on March 8, 2022. Also effective with the uplisting, Empire will reverse split its [...]
Empress Royalty Corp. is pleased to announce it has increased its royalty on the Manica gold project in Mozambique by providing an additional US$1M in funding, resulting in a total royalty of 3.375% . "The Manica project is a great investment for Empress, we are excited to have increased the size of the Royalty and look forward to receiving revenue from Manica in the second quarter of 2022," stated Alexandra Woodyer [...]
Empire Petroleum Corporation , an operator of conventional oil and gas properties, announced today that certain debt holders have now converted 100% of their remaining debt along with accrued interest into Empire common shares. The purchase of XTO Energy's Eunice-Monument and Arrowhead Grayburg Fields by Empire made on May 14, 2021, was financed with a combination of cash and a Senior Secured Convertible Note issued to [...]
Empress Royalty Corp. is pleased to announce it has fully funded the US$10M gold stream agreement by making the final payment of US$2.5M of the gold stream agreement on the Sierra Antapite mine in Peru owned by Sierra Sun Group . "We are excited to fully fund the US$10M gold stream and receive additional revenue from the investment," stated Alexandra Woodyer Sherron, CEO and President of Empress Royalty. "With the Nebari [...]
Empress Royalty Corp. is pleased to report that, upon the receipt of the TSX Venture Exchange approval, it has now closed the US$15M Accordion Credit Facility agreement with Nebari Natural Resources Credit Fund I LP as announced on December 22, 2021. The Company's initial draw of a US$4.5M loan under the Accordion Facility is now funded. The Company issued 7,500,000 share purchase warrants to Nebari. Each Warrant is [...]
Empress Royalty Corp. is pleased to announce that it has executed an agreement with Nebari Natural Resources Credit Fund I LP for a US$15M Accordion Credit Facility . The Company's initial draw is a US$4.5M loan that is expected to be funded shortly. The Company may apply to Nebari to draw down additional loans as the Company identifies investments it wishes to fund under the Accordion Facility.The proceeds of the Initial [...]
Empress Royalty Corp. is pleased to provide an update on its investment portfolio and mining company partners. "The exciting progress being made at each of our investments demonstrates Empress Royalty's ability to invest in high quality projects with strong management teams creating long term value for both our shareholders and the shareholders of our mining company partners," stated Alexandra Woodyer Sherron, CEO and [...]
Empire Petroleum Corporation is pleased to announce that its Board of Directors has unanimously voted to appoint Phil Mulacek and Ben Marchive as members of the company's Board of Directors effective immediately. "It's been a pleasure to work with Phil over the last year, first as joint development partner in our Fort Trinidad Field, Texas and, more recently as a key financial partner in our May acquisition of the Eunice [...]
Empress Royalty Corp. is pleased to announce it is funding an additional payment of US$2.5M gold stream agreement on the Sierra Antapite producing gold mine in Peru. "The result of increasing the stream from 2.25% to 3.375% of the Sierra Antapite gold production will provide immediate additional revenue into Empress," stated Alexandra Woodyer Sherron, CEO and President of Empress Royalty. "With the increase in revenue [...]
Empress Royalty Corp. has filed the required notice to change its financial year end from September 30th to December 31st, in accordance with the requirements of National Instrument 51-102 Continuous Disclosure Obligations . The change in financial year end is being completed to align the Company's financial statement reporting periods with its peer group. As a result of this change, the Company will have a transitional [...]
Empress Royalty Corp. is pleased to announce that it has entered into an agreement with Accendo Banco, S.A., Institución de Banca Múltiple for the provision of a secured medium term bridge loan facility the in the amount of US$5.2 million. "The Facility, in combination with our projected revenue, will expand Empress Royalty's capacity to further grow our precious metal portfolio," stated Alexandra Woodyer Sherron, CEO and [...]
Empire Petroleum Corporation , an oil and gas company with current producing assets in Texas, Louisiana, North Dakota, Montana and New Mexico, today announced that it will be presenting at EnerCom's The Oil & Gas Conference 2021. Tommy Pritchard, Chief Executive Officer, and Mike Morrisett, President, will be presenting a corporate overview on Tuesday, August 17th at 3:10pm MDT / 5:10pm EDT. Investors can listen to the [...]
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