New Issue: Empire Petroleum settles $1.5 million private placement of stock

By Devika Patel

Knoxville, Tenn., Jan. 26 - Empire Petroleum Corp. said it completed a $1.5 million private placement of stock.

The company sold 21,431,661 common shares.

Proceeds will be used for drilling.

Empire, based in Tulsa, Okla., is an oil and natural gas exploration company.

Issuer:	Empire Petroleum Corp.
Issue:	Common shares
Amount:	$1,500,216
Shares:	21,431,661
Warrants:	No
Settlement date:	Jan. 26
Stock symbol:	OTCBB: EMPR
Stock price:	$0.14 at close Jan. 25
Market capitalization:	$9.67 million

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