EIL.V - Empire Industries Ltd.

TSXV - TSXV Delayed Price. Currency in CAD
0.2750
+0.0250 (+10.00%)
At close: 3:12PM EDT
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Previous Close0.2500
Open0.2600
Bid0.2750 x 0
Ask0.2850 x 0
Day's Range0.2600 - 0.2800
52 Week Range0.1700 - 0.5200
Volume249,325
Avg. Volume68,121
Market Cap45.458M
Beta (5Y Monthly)1.14
PE Ratio (TTM)N/A
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateNov. 30, 2005
1y Target EstN/A
All
News
Press Releases
  • GlobeNewswire

    Empire Industries reports 2019 and First Quarter 2020 Results

    “The Company’s backlog, strategy and improved liquidity have uniquely positioned it for new opportunities arising from the post-pandemic economy.” “Empire faced challenges and increased costs in Q4 2019 and Q1 2020 related to six complex ride systems that were at various stages of installation and commissioning in theme parks around the world,” commented Guy Nelson, Empire’s Executive Chairman and CEO. “I am also pleased to state that our liquidity at the end of Q1 2020 of $11.2 million of cash combined with $218 million of profitable backlog, positions us well to get through this pandemic period and be in a position to leverage our considerable intellectual property that we have invested so heavily in creating,” added Nelson.

  • GlobeNewswire

    Empire Industries Announces Financial Filing Dates and Provides an Update on COVID-19 Impact

    Empire Industries Ltd. (TSX-V: “EIL”, “Empire” or the “Company”) today announced that it intends to file its 2019 audited annual results and related management discussion and analysis on or before May 29, 2020, which is two weeks before the extension deadline granted to all Canadian public companies. The Company intends to file its interim financial statements and related management discussion and analysis for the first quarter of 2020 at the same time, which will be 45 days earlier than the temporary extension filing deadline. The Company is relying on the exemption provided by the local blanket orders of the Alberta, BC, and Ontario Securities Commissions, permitting Reporting Issuers to extend the filing deadlines otherwise applicable under securities laws by up to 45 days.

  • GlobeNewswire

    Empire achieves ranking in 2020 TSX Venture 50

    Empire Industries Ltd. (TSX-V: “EIL”, “Empire” or the “Company”) is pleased to announce it has achieved a ranking in the 2020 TSX Venture 50. Overall there are 1,666 companies listed on the TSX Venture Exchange. “It means a lot to be a Venture 50™ winner,” said Guy Nelson, Executive Chairman and Chief Executive Officer of Empire.

  • GlobeNewswire

    Empire Industries Announces Stock Option Grants

    WINNIPEG, Manitoba, Jan. 03, 2020 -- Empire Industries Ltd. (TSXV: EIL) today announced it has granted, under its stock option plan, incentive stock options to directors and.

  • GlobeNewswire

    Empire Announces Completion of Preferred Share Exchange

    With reference to its prior News Releases dated June 11, 2019, November 14, 2019 and December 20, 2019, Empire Industries Ltd. (TSX-V: “EIL”, “Empire” or the “Company”) is pleased to announce that 100% of the holders of the issued and outstanding Preferred Shares (defined below) agreed to exchange all of their Preferred Shares for Class “A” Common Shares (“Common Shares”) of the Company effective December 31, 2019. Subject to final acceptance by the TSX Venture Exchange, the holders of the Preferred Shares exchanged the Preferred Shares (the “Capital Reorganization”) early for an aggregate of up to 32,906,161 Common Shares at a weighted exchange price of $0.444 per Common Share comprised of 25,244,443 Common Shares at $0.45 per Common Share and 7,661,718 Common Shares at $0.425 per Common Share as a premium for the early exchange (the “Share Exchange Premium”).

  • GlobeNewswire

    Empire Announces Closing of Private Placement

    With reference to its prior news releases dated December 3 and December 17, 2019, Empire Industries Ltd. (TSX-V: “EIL”, “Empire” or the “Company”) is pleased to announce that subject to final acceptance from the TSX Venture Exchange, it has completed the second and final tranche closing of the previously announced non-brokered private placement (the “Private Placement”) and issued 16,436,414 common shares (each a “Share” and together the “Shares”) in the capital of the Company at an issue price of $0.41 per share for gross proceeds from the final tranche closing to the Company of $6.75 million. An aggregate of 23,780,487 Shares were issued pursuant to the Private Placement for aggregate gross proceeds of $9.75 million.

  • GlobeNewswire

    Empire Announces Preferred Share Exchange Offer

    With reference to its prior News Releases dated June 11, 2019 and November 14, 2019, Empire Industries Ltd. (TSX-V: “EIL”, “Empire” or the “Company”) is pleased to announce, subject to the approval of the TSX Venture Exchange (“TSX-V”), that the Company is prepared to incentivize the holders of all of the issued and outstanding Preferred Shares (defined below) to exchange the same for Class “A” Common Shares (“Common Shares”) of the Company on or before December 31, 2019.

  • GlobeNewswire

    Empire Announces First Closing of Private Placement, Increase to Private Placement and Exercise of Warrants

    With reference to its prior news release dated December 3, 2019, Empire Industries Ltd. (TSX-V: “EIL”, “Empire” or the “Company”) is pleased to announce that it has completed the first closing of the previously announced non-brokered private placement (the “Private Placement”) and issued 7,317,073 common shares (each a “Share” and together the “Shares”) in the capital of the Company at an issue price of $0.41 per share for gross proceeds to the Company of $3 million. The Company is also pleased to announce that, subject to the approval of the TSX Venture Exchange (“TSX-V”), it is increasing the size of the Private Placement from the initial maximum of $8.5 million to $9.75 million due to investor demand.

  • GlobeNewswire

    Empire Closes Disposition Transaction for Certain Non-Core Assets

    The Company paid a finder’s fee to an arm’s length finder equal to $0.01 per Tornado Share on a portion of the Tornado Shares sold pursuant to the Transaction (the “Finder’s Fee”). The Finder’s Fee was paid part in cash and part in-kind by the transfer of 58,823 Tornado Shares at a value of $0.17 per Tornado Share.

  • GlobeNewswire

    Empire Disposes of Certain Non-Core Assets

    The Company intends to close the Transaction as soon as possible and use the net proceeds of the Transaction for general working capital purposes. The Company, subject to TSX-V approval, intends to pay a finder’s fee to an arm’s length finder equal to $0.01 per Tornado Share on a portion of the Tornado Shares sold pursuant to the Transaction (the “Finder’s Fee”).

  • GlobeNewswire

    Empire Announces $8.5 million Private Placement of Common Shares

    Empire Industries Ltd. (TSX-V: “EIL”, “Empire” or the “Company”) is pleased to announce that it intends to complete a non-brokered private placement to a single investor of 20,731,707 common shares at an issue price of $0.41 per share for gross proceeds to the Company of $8,500,000 (the “Private Placement”). Closing of the Private Placement is subject to customary conditions, including receipt of all regulatory approvals. The common shares issued pursuant to the Private Placement will be subject to a four month and one day hold period.

  • GlobeNewswire

    Empire Industries Reports 3Q 2019 Results and Conference Call Information

    Empire Industries Ltd. (TSX-V: EIL, OTC:ERILF) (“Empire”, “EIL”, “us”, “our”, “we” or the “Company”) today reported its unaudited consolidated financial results for the third quarter ended September 30, 2019. While not IFRS measures, Adjusted EBITDA is used by management, creditors, analysts, investors and other financial stakeholders to assess the Company’s performance and management from a financial and operational perspective.

  • GlobeNewswire

    Empire Industries Announces Appointment of James Chui as Non-Executive Chairman, Unsecured Related Party Loan

    Empire Industries Ltd. (TSX-V: EIL, OTC:ERILF) (“Empire”, “EIL”, “us”, “our” or the “Company”) today announced that James Chui has been appointed as Non-Executive Chairman, and that a company he controls has agreed to advance a $2 million unsecured related party loan to Empire. The Board has appointed James Chui to serve as Non-Executive Chairman of Empire, effective immediately.

  • GlobeNewswire

    Empire to Re-Acquire 100% Ownership of Dynamic Entertainment Group Ltd.

    Empire will purchase the remaining 26.5% of DEGL’s outstanding shares from Jolly Admire Limited (“Vendor”) for $3,810,000 by the issuance of 381,000 convertible preferred shares in the capital of Company (the “Preferred Shares”), which Preferred Shares will have a redemption value of $10, accrue dividends at 8% per annum and are convertible into common shares of the Company at $0.45 per common share for a period of 36 months from the date of issue and thereafter for $0.75 per common share until 60 months from the date of issue.

  • GlobeNewswire

    Empire Industries Announces Voting Results from AGM, Changes to Board, Audit Committee Composition

    Empire Industries Ltd. (EIL.V) (“Empire” or the “Company”) today announced changes to the composition of its board of directors, arising from its Annual General and Special Meeting of Shareholders held yesterday. Mr. Macdonald announced his retirement after the information circular was issued and withdrew his candidacy accordingly.  Guy Nelson, Terry Quinn, Bob Marshall and James Chui were all re-elected.

  • GlobeNewswire

    Empire announces changes to Board of Directors, Audit Committee

    “I want to thank Ian for his long service on Empire’s board and the Audit and Governance Committees,” said Guy Nelson, Executive Chairman and Chief Executive Officer of Empire. Given the date of the meeting, Empire has chosen not to appoint a replacement director in the interim period. Empire also uses these same turn-key integration services for special projects such as large optical telescopes and enclosures.

  • GlobeNewswire

    Empire Industries Reports 2Q 2019 Results and Conference Call Information

    Empire Industries Ltd. (TSX-V: EIL, OTC:ERILF) (“Empire”, “EIL” or the “Company”) today reported its unaudited consolidated financial results for the second quarter ended June 30, 2019.  The unaudited consolidated financial statements and MD&A have been filed on SEDAR and can be viewed at sedar.com or at empind.com.

  • GlobeNewswire

    Empire Provides an Update on the Tennessee Flying Theater Co-venture

    A long term operating agreement has been signed between Island Flyers LLC and High Express Holdings (US) Inc. for the development and operation of the co-venture flying theater attraction in The Island at Pigeon Forge, in the Smoky Mountains of Tennessee.  The operating agreement requires an equal investment from each of the co-venture partners totaling US$4 million into the single purpose co-venture entity known as Smoky Mountain Flyers, LLC. Smoky Mountain Flyers, LLC closed an US$11 million debt financing with a Tennessee Bank which completes the financing required to bring the attraction to market.

  • GlobeNewswire

    Empire Announces Closing of Private Placement of Convertible Preferred Shares, Raising a Total of $7,550,000

    Empire Industries Ltd. (TSX-V: “EIL”, “Empire” or the “Company”) is pleased to announce that it has closed the final tranche of the non-brokered private placement financing announced on April 25, 2019 of 180,000 convertible preferred shares (“Preferred Shares”) at an issue price of $10.00 per share (the “Issue Price”) for gross proceeds to the Company of up to $1,800,000 (the “Offering”). Overall, the offering has yielded gross proceeds to the Company of $7,550,000.