Director buying at Empire Industries (EIL)

Director buying at Empire Industries (:EIL)

James Chui, a Director and 10% Holder, acquired 8,000,000 Common Shares on a control or direction basis for registered holder Excellence Raise Overseas Ltd. at a price of $0.450 through a prospectus or prospectus exempt offering on June 22nd, 2018. The insider also acquired 8,000,000 Warrants with an exercise price of $0.500 until June 22, 2021. This represents a $3,600,000 investment into the company's shares and an account share holdings change of 72.7%.

Empire Industries is in the Steel Sub Industry Group under the Basic Materials Sector.

Empire Industries Ltd. designs, fabricates, manufactures, erects and sells engineered products. The Company also provides steel fabrication and installation services to industrial and infrastructure markets, primarily in western Canada. Its segments include Media-based Attractions, Manufactured Products, Steel Fabrication Services and Corporate. The Media-based Attractions segment includes design and manufacture of complex ride systems, telescopes, custom machinery and equipment. The Manufactured Products segment manufactures Hydrovac trucks for excavation service providers to the oil and gas industry and the municipal market. The Steel Fabrication Services segment provides structural steel fabrication and installation, and includes fabrication of tanks, pressure vessels and other specialty carbon and stainless steel products. It caters to the entertainment industry, natural resource infrastructure, manufacturing and processing industries, excavation industry and the government sector.