Empire Petroleum rights offering fully subscribed for ~$10M gross proceeds

EMPIRE PETROLEUM CORP

Rights offering expired Oct 24, 2024; fully subscribed with oversubscriptions allocated pro-rata.
Expected gross proceeds ~$10M before expenses.
Largest stockholders Chairman Phil Mulacek and Energy Evolution Master Fund participated and oversubscribed.
Proceeds to fund drilling in North Dakota, New Mexico, workovers in Texas, land purchases, and Starbuck field EOR facilities.

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