Just a little DD would provide a clue as to how likely Mal's latest funding announcement is to be realised. This might help (it's not exhaustive):
Empire (through Mal's sock puppet Chris Foster, cadger of drinks in London wine bars)) announces a private international investment company to provide an initial $13.5 million within two months leading to $45 million to TOGA. 9/26/18
"Empire has sold a 49% stake in return for USD $5 million funding... Empire is also intending to develop its FASER (Force Amplification by Stimulated Electron Resonance) technology... based on the device's ability to stimulate a Bose-Einstein condensate and excitation of the Frolich resonance in living tissue." 6/3/11
"Empire intends to offer an unsolicited proposal to the US Navy for 5.5 million B/yr of JP-5 (10% of Empire’s total Tasmanian, as yet, undiscovered potential resources [UPR]). Quoted price will be USD$200 per barrel (or USD$4.76 per gallon). Potential worth to Empire stockholders is USD$1.1 billion yr, over the full 10 year contract period" 3/14/11
"Empire Retains Hunter-Wise Companies, Inc. for USD$200 Million capital raise" 12/9/10
"Empire Energy Corp International,... entered into an agreement with an international finance company, Sure Capital to provide structured financing in the sum of US$180 million" 4/4/10
"Malcolm Bendall, Chief Executive Officer of Empire Energy Corporation International today announced that he received written notice of approval to provide him US$50 million for the purpose of providing financing to Empire." 6/12/09
"the rights offering will provide AU$12 million (US$9 million) to support the drilling program." 5/20/09
"The lender has now officially informed Empire Energy that it is holding funds for the completion and closing of the previously described loan as per the signed term sheet, the amount being £1,150,000 GB Sterling; (Australian $2.53 million). Empire Energy fully anticipates the closing of the financing within the next seven to fourteen days ... We expect the financing arrangements will give us the potential of AUD$10 million in funds to resume the multi-well drilling program using the Hunt Energy Rig #3" 3/24/09
"SmartWin may commit to an additional AUD$40 million, cancelling the AUD$5.0 million note in exchange for a 50% stake in an exclusive Joint Venture with GSLM on its SEL 13/98." 12/11/08
"Several parties have been approached in London by Libertas Capital Group, Plc. to invest by private placement. We are currently in negotiation with prospective investors in London that may invest a sum of up to GBP 1.5 million " 10/30/08
"Empire Reports $100 Million (USD) Financing Arrangement" 1/31/06
"EEGC has negotiated the financing needed to commence an extensive drilling program in Tasmania on behalf of the company ... 2. A 150,000,000 Pound Sterling, (approximately $270 Million U.S.), legally binding equity commitment from GEM Global Yield Fund (UK), structured as a working capital facility simultaneous with the AIM listing" 5/26/04
Where are you Walt? -
The Open Road goes to the used car lot.
AI
