Empire Petroleum rights offering fully subscribed, gross proceeds ~$20.66M

EMPIRE PETROLEUM CORP

Subscriptions exceeded 100% of shares; oversubscriptions allocated pro-rata after eliminating fractions.
Gross proceeds expected ~$20.66 million before expenses.
Largest stockholders (Chairman Phil Mulacek, Energy Evolution Master Fund) fully participated with over-subscription.
Proceeds to fund drilling, 3D seismic, land leases, EOR facilities, and general corporate purposes.
Subscription period expired April 10, 2024.

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