Empress Royalty Corp Announces Finalized Financing for Galaxy Gold Mine

Empress Royalty Corp (TSXV:EMPR)(OTCQX:EMPYF) revealed the closing and full financing of a $5 million investment in the Galaxy gold mine in South Africa, owned by Golconda Gold Ltd. (TSXV:GG)(OTCQX:GGGOF). This investment, described as an immediate boost to the company's revenue outlook, will support the purchase of underground equipment and mine development to increase mill throughput and production, while reducing the weighted average cost. ounce for Galaxy.

Financing was provided through the Company's Accordion Credit Facility, in partnership with Nebari Gold Fund 1, LP and Nebari Natural Resources Credit Fund II, LP. In return, 5 million warrants were issued to Nebari. The move is part of Empress Royalty's strategy to expand its portfolio and invest in cash flow generating assets, anticipating further growth in the coming year.