Terra Capital Increases Its Position in Empress Royalty

Rhea-AI Summary

Empress Royalty Corp. reported that Terra Capital has increased its holdings to 14,383,461 common shares, representing 13.75% of its outstanding shares. The acquisition involved 500,000 shares, up from 13,883,461, and indicates Terra Capital's confidence in Empress's growth strategy, which includes expanding its portfolio of royalties and streams. Empress is focused on creating unique financing solutions for mining companies and currently has 16 investments. This strategic move reflects positive outlooks for future valuation improvements as the company continues its growth plans.

Positive

• Terra Capital increased its shareholding in Empress to 14,383,461 shares, reflecting confidence in future growth.
• The company has established a portfolio of 16 investments, indicating diversified revenue streams.
• Empress Royalty is executing a unique business strategy focused on royalties and streams for development-stage projects.

Negative

• None.

VANCOUVER, BC / ACCESSWIRE / July 5, 2021 / Empress Royalty Corp. (TSXV:EMPR | OTCQB:EMPYF) ("Empress" or the "Company") reports that Terra Capital Natural Resource Fund Pty Ltd. ("Terra Capital") has purchased 500,000 common shares of the Company in the market thereby increasing its holdings to a total of 14,383,461 common shares.

Jeremy Bond commented on the reason for Terra Capital increasing its shareholding in Empress: "Since its inception less than one year ago Empress has developed a unique business strategy and transformed itself through the creation of three new royalties and streams on development stage projects. As Empress continues to deliver and execute on its growth plans by including producing assets in its portfolio, I expect its shares to re-rate materially."

Prior to the acquisition, Terra Capital owned or controlled 13,883,461 common shares of the Company representing 13.28% of the issued and outstanding shares and 14.1% assuming the exercise of 1,000,000 share purchase warrants (the "Warrants") held by Terra Capital. After the market acquisition of 500,000 common shares Terra Capital now owns or controls 14,383,461 common share of the Company representing 13.75% of the outstanding common shares and 14.57% assuming the exercise the Warrants, reflecting an increase of 0.5% of the 104,574,385 issued and outstanding common shares of Empress.

Terra Capital has a long-term view of the investment and may acquire additional securities either on the open market or through private acquisitions or sell the securities either on the open market or through private dispositions in the future depending on market conditions, reformulation of plans and/or other relevant factors. A copy of the early warning report required to be filed with the applicable securities commissions in connection with Terra Capital's total position will be available on SEDAR at www.sedar.com

ABOUT EMPRESS ROYALTY CORP.

Empress Royalty is a new precious metals royalty and streaming company focused on the creation of unique financing solutions for mining companies. Empress has a portfolio of 16 investments and is actively focused on finding industry partners with development and production stage projects who require additional non-dilutive capital. The Company has strategic partnerships with Endeavour Financial, Terra Capital and Accendo Banco 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 Alexandra Woodyer Sherron, CEO and President, by phone at +1.604.331.2080 or email at info@empressroyalty.com.

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.

This news release contains statements about Empress' expectations regarding the Stream Purchase Agreement 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 timing and success of Telson constructing its plant at the Tahuehueto project and bringing the project into profitable production. 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.

SOURCE: Empress Royalty Corp.

View source version on accesswire.com:
https://www.accesswire.com/654193/Terra-Capital-Increases-Its-Position-in-Empress-Royalty

FAQ

What recent acquisition did Terra Capital make regarding Empress Royalty Corp (EMPYF)?

Terra Capital purchased 500,000 common shares of Empress Royalty Corp, increasing its total holdings to 14,383,461 shares.

What percentage of shares does Terra Capital own in Empress Royalty Corp (EMPYF) after its latest acquisition?

After the acquisition, Terra Capital owns 13.75% of the outstanding shares of Empress Royalty Corp.

How many common shares does Empress Royalty Corp (EMPYF) have outstanding?

Empress Royalty Corp has a total of 104,574,385 issued and outstanding common shares.

What strategic focus does Empress Royalty Corp (EMPYF) have for its business?

Empress is focused on creating unique financing solutions for mining companies through a portfolio of royalties and streams.

Who commented on Terra Capital's investment in Empress Royalty Corp (EMPYF)?

Jeremy Bond from Terra Capital commented, expressing confidence in Empress's growth strategy and future share valuation.