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Empire Mining Corporation Announces Private Placement

 

Vancouver, British Columbia, Canada. October 30, 2009. Empire Mining Corporation (EPC: TSX-V) (the "Company") is pleased to announce a non-brokered private placement of up to 10,000,000 common shares at a price of $0.10 per share, for total gross proceeds of up to $1 million. Finders' fees may be payable by the Company in connection with the private placement.

The proceeds of the private placement will be used for development of the Company's Bulqiza Chromite project in Albania. The private placement is subject to regulatory approvals.

ON BEHALF OF THE BOARD,

Robert F. Giustra
Director

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 more information contact:

Ray Lagace
Investor Relations
(604) 638-3474, or
1 866-689-2599
info@empireminingcorp.com

This release contains forward-looking information and statements, as defined by law including without limitation Canadian securities laws and the "safe harbor" provisions of the US Private Securities Litigation Reform Act of 1995 ("forward-looking statements"), respecting the Company's use of proceeds of the private placement and whether it will be required to pay finder's fees in connection therewith. Forward-looking statements involve risks, uncertainties and other factors that may cause actual results to be materially different from those expressed or implied by the forward-looking statements, including without limitation the ability to complete the private placement; ability to locate and dependence on finders; availability of qualified workers; risks associated with exploration projects; dependence on third parties for services; non-performance by contractual counterparties; title risks; and general business and economic conditions. Forward-looking statements are based on a number of assumptions that may prove to be incorrect, including without limitation assumptions about: general business and economic conditions; the ability to locate sufficient purchasers (and if applicable, finders) to complete the private placement; the timing and receipt of required approvals; ability to procure equipment and supplies; and ongoing relations with employees, partners and joint venturers. The foregoing list is not exhaustive and we undertake no obligation to update any of the foregoing except as required by law.
 
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You can view the Next News Releases item: Tue Nov 10, 2009, Empire Mining Provides Progress Update; Files Technical Report on It's Bulqiza, Chromite Project, Albania

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