New Issue: Empire Iron plans private placement for C$6.08 million

By Sheri Kasprzak

New York, April 27 - Empire Iron Works Ltd. intends to raise up to C$6,075,000 in a private placement as part of its acquisition by Ryjencap Inc.

The non-brokered offering includes up to 13.5 million shares at C$0.45 each

Based in Winnipeg, Man., Empire manufactures structural steel, specialty metals and plate works. Ryjencap, based in Surrey, B.C., is a capital pool company.

Issuer:	Empire Iron Works Ltd.
Issue:	Stock
Amount:	C$6,075,000 (maximum)
Shares:	13.5 million (maximum)
Price:	C$0.45
Warrants:	No
Announcement date:	April 27
Stock symbol:	TSX Venture: RYJ (for Ryjencap)
Stock price:	C$0.125 at close April 26 (for Ryjencap)

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