Empire Industries Ltd. (TSX VENTURE:EIL) today announced that it has obtained a
$5 million increase to its operating line with CIBC, bringing its operating line
to $15 million and its total banking facility with CIBC to $18.5 million.


"This increase in our operating line gives us additional liquidity to
effectively manage our increased contract backlog," said Michael Martin, Chief
Financial Officer of Empire.


About Empire Industries Ltd.

Empire Industries Ltd. manufactures specialized engineered products and sells
these products domestically and in select international export markets. The
company has developed, designed and engineered products for the rapidly growing,
global, media based attractions market. The company also provides steel
fabrication & installation services, primarily to the industrial, commercial and
infrastructure market in Western Canada. The company also has two key strategic
equity partnerships; a 49% ownership of ACE Industrial Services that operates in
the oil sands industrial maintenance services market, and a 45% ownership of a
Chinese joint venture company in the steel fabrication market in Asia. Empire's
common shares are listed on the TSX Venture Exchange under the symbol EIL.


Reader Advisory

This news release contains forward-looking statements, within the meaning of
applicable securities legislation, concerning Empire's business and affairs. In
certain cases, forward-looking statements can be identified by the use of words
such as "plans", "expects" or "does not expect", "budget", "scheduled",
"estimates", "forecasts", "intends", "anticipates" or variations of such words
and phrases or state that certain actions, events or results "may", "could",
"would", "might" or "will be taken", "occur" or "be achieved". These forward
looking statements are based on current expectations, and are naturally subject
to uncertainty and changes in circumstances that may cause actual results to
differ materially. Readers are cautioned not to place undue reliance on such
forward-looking statements. Forward-looking information is provided as of the
date of this press release, and Empire assumes no obligation to update or revise
them to reflect new events or circumstances, except as may be required under
applicable securities laws.


Neither the 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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Empire Industries Ltd.
Guy Nelson
Chief Executive Officer
(416) 366-7977
gnelson@empind.com


Empire Industries Ltd.
Allan Francis
Vice President - Corporate Affairs and Administration
(204) 589-9301
afrancis@empind.com
www.empind.com

Empire Industries (TSXV:EIL)
과거 데이터 주식 차트
부터 5월(5) 2024 으로 6월(6) 2024 Empire Industries 차트를 더 보려면 여기를 클릭.
Empire Industries (TSXV:EIL)
과거 데이터 주식 차트
부터 6월(6) 2023 으로 6월(6) 2024 Empire Industries 차트를 더 보려면 여기를 클릭.