EMPRESS RTY CORP - EMPYF STOCK NEWS

On June 28, 2024, Empress Royalty announced an amendment to its articles following approval at the Annual and Special Meeting of Shareholders on June 26, 2024. The amendment introduces Advance Notice Provisions requiring shareholders to provide timely notice and comply with specific procedures when nominating individuals for election to the Board of Directors. For annual meetings, notice must be given at least 30 days prior, or within 10 days of the first public announcement if the meeting is scheduled less than 50 days ahead. Special meetings require notice within 15 days of the first public announcement. The notice must include detailed information about the nominee and the shareholder making the nomination. The Board has the discretion to waive these requirements. Full details of the amendments are available on www.sedarplus.ca.

Empress Royalty Corp. (TSXV:EMPR, OTCQX:EMPYF) announced it has engaged ICP Securities Inc. for automated market making services starting June 3, 2024. ICP will use its proprietary ICP Premium™ algorithm to manage market imbalances. The agreement lasts four months, with automatic one-month renewals unless terminated with 30 days' notice. Empress Royalty will pay ICP C$7,500 monthly for these services. No performance metrics, stock options, or additional compensation are included in the contract, and ICP is independent of Empress Royalty. ICP may acquire an interest in Empress Royalty’s securities in the future.

Empress Royalty Corp. announces the appointment of Natasha Frakes as Vice President Investor Relations. CEO highlights her experience in public communications and investor relations. The Company granted 200,000 stock options to Ms. Frakes at $0.35 each, vesting over a 24-month period. The appointment aims to expand investor base, increase brand recognition, and maximize returns.

Gleason & Sons acquires over 3 million common shares of Empress Royalty, increasing its holdings by 50%. The investment firm now owns 9.9 million shares, valued at over C$3.75 million. Empress is focused on creating gold and silver royalties and streams, expanding its portfolio with a substantial credit facility. The company's low overhead expenses, prior investments, and favorable gold prices contribute to its growth potential. Gleason & Sons sees Empress as undervalued and plans to make additional share purchases.

Empress Royalty Corp. closes a US$5M gold stream investment on the Galaxy gold mine in South Africa, funded through a credit facility. The investment is expected to boost revenue and reduce AISC for Galaxy, marking the company's fourth revenue-generating asset.

Empress Royalty Corp. appoints Nora Pincus as Vice President Corporate Development, bringing extensive experience in mining finance. The company also grants 500,000 incentive stock options to Ms. Pincus, aiming to drive growth and revenue generation.

Empress Royalty Corp. (TSXV:EMPR)(OTCQX:EMPYF) closed a US$28.5M Accordion Credit Facility agreement with Nebari Gold Fund 1, LP and Nebari Natural Resources Credit Fund II, LP. The initial draw of approximately US$3.5M loan under the Credit Facility is now funded, with the issuance of 3,104,513 common share purchase warrants to Nebari. Each Bonus Warrant is priced at $0.31 and is exercisable into one common share for three years from the drawdown of the Initial Loan. The Credit Facility allows for the issuance of additional Bonus Warrants to Nebari upon further draws on the Credit Facility. The issuance of further Bonus Warrants is subject to the limitations of the policies of the TSX Venture Exchange and subject to Exchange review prior to issuance.

Empress Royalty Corp. (TSXV:EMPR)(OTCQX:EMPYF) announced a new US$28.5M Accordion Credit Facility with Nebari Gold Fund 1, LP and Nebari Natural Resources Credit Fund II, LP. The facility will replace the existing US$15M facility and provide working capital for the company. The Credit Facility shall bear interest at a rate of 7.5% per annum plus 3-month Term SOFR (3.5% floor). The Company will issue 3,104,513 common share purchase warrants to Nebari upon closing of the Initial Loan.

Empress Royalty Corp. (TSXV:EMPR)(OTCQX:EMPYF) announced a US$5M gold stream investment in the Galaxy gold mine in South Africa owned by Golconda Gold Ltd. (TSXV:GG)(OTCQX:GGOF). The investment is based on 3.5% of the payable gold production from the Galaxy mine for an initial 8,000 payable ounces, with potential expansion plans to increase production to 48,000 tpm and 2,800 recovered gold ounces per month.