FORT LAUDERDALE, FL.- December 13, 2022- (OTC Markets News Release) Empire Diversified Energy, Inc. (OTC Markets Pink: MPIR) is pleased to announce that its wholly-owned subsidiary, Empire South Terminal of West Virginia, LLC has closed on its debt financing of $15,000,000 in Dock and Wharf Revenue Bonds, to provide funding for the expansion and further development of its port facilities in Follansbee, West Virginia.
The Company will use the proceeds from the financing to begin the engineering, development, and construction of new warehousing and storage tank farm at the site, which is adjacent to Empire’s Port of West Virginia facility. Construction is scheduled for completion in the second quarter of next year.
Frank Rosso, Chief Executive Officer of Empire commented: “We are grateful to all our lenders, advisors, and professionals for their support as we continue our development at the Port of West Virginia and the Company’s industrial complex as a whole. We will continue to provide updates
as the operations comes online in the near future.”
About Empire Diversified Energy, Inc.
Empire Diversified Energy, Inc. is an emerging growth infrastructure company offering mixed-use storage, logistics, and service solutions to the dynamic changing needs of the transportation and energy industries.
Statements contained in this communication that are not based upon current or historical fact are forward-looking in nature. Such forward-looking statements, including our intent to begin the engineering and permitting phase of the recycling plant construction projects, reflect current views of management with respect to future events and are subject to certain risks, uncertainties, and assumptions. Should one or more of these risks or uncertainties materialize or should underlying assumptions prove incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, or expected, or described pursuant to similar expressions.
For further information, contact Empire Diversified Energy, Inc.
Investor Relations – 954-332-2423
www.Empirediversifiedenergy.com
