Empire Petroleum issues $4M convertible note to director Mulacek for drilling program

EMPIRE PETROLEUM CORP

$4M promissory note issued to director Phil E. Mulacek; $2M advanced, up to $2M additional available after Mar 2026.
Matures Sep 2027, 5.5% interest; convertible at $4.27/share (936,768 shares if fully converted).
Warrant for 281,030 shares at $4.27/share, exercisable upon NYSE American approval; $50K fee if no approval in 60 days.
Proceeds to fund oil & gas drilling program and working capital.
Issuance exempt from registration under Section 4(a)(2); NYSE American listing application to be filed.

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