Empire Closes Disposition Transaction for Certain Non-Core Assets
Empire Industries Ltd. (TSX-V: EIL, OTC:ERILF) (“Empire”, “EIL”, “us”, “our”, “we” or the “Company”) is pleased to announce that further to its December 5, 2019 news release it has sold an aggregate of 17,588,126 common shares (together the “Tornado Shares” and each a “Tornado Share”) in the capital of Tornado Global Hydrovacs Ltd. (TSXV:TGH) (“Tornado”) to four third party purchasers at a price of $0.17 per Share for aggregate gross proceeds of CDN$2.99 million (the “Transaction”).