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| Home : Empire Industries Announces Private Placement and Creation of a 51% Controlled Chinese Joint Venture Company |
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May 15
2013 |
Empire Industries Announces Private Placement and Creation of a 51% Controlled Chinese Joint Venture Company |
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WINNIPEG, MANITOBA--(Marketwired - May 15, 2013) - Empire Industries Ltd. ("Empire" or the "Company") (TSX VENTURE:EIL) today announced that it intends to complete a non-brokered private placement of units and a convertible debenture (the "Private Placement") to Canada Zhoufa Agricultural Holding Company Limited ("Canada Zhoufa"), a subsidiary of Zhejiang ZF Investment Co. Ltd. ("ZZG") of China, and enter into a joint venture with ZZG. The Company anticipates closing the Private Placement and joint venture capitalization identified below early in the second quarter, subject to usual closing conditions including obtaining required regulatory approvals. It is expected that the two Credit Facilities identified below will require more time to complete, and close later. |
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| Source:http://www.marketwire.com/mw/release.do?id=1791068&sourceType=3 |
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