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Empire's receives approval for resale and applies for US SEC approval of USD9m rights offering

Posted on: Mon, 28 Sep 2009 10:03:00 EDT

Symbols: EEGC

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Sep 28, 2009 (M2 EQUITYBITES via COMTEX) --
EEGC | Quote | Chart | News | PowerRating -- Oil and gas exploration company Empire Energy Corporation International
(OTCBB:EEGC.OB) announced on Friday that is Resale Registration
statement became effective on 22 September at 16:00 US Eastern time and
the US Securities and Exchange Commission's (SEC) approval of its USD9m
rights offering registration was requested.

Empire will proceed to mail the Rights Certificates and begin the
rights offering period after receiving SEC final approval.

Empire CEO Malcolm Bendall stated that with the Resale Registration
statement existing outstanding shares and shares underlying existing
warrants and liabilities can be traded to improve the collateral value
of share holdings.

The Rights Offering will provide additional Funding for future
exploration programmes and drilling of Empire's Bellevue and
Thunderbolt well sites in Tasmania, Australia.

Empire's wholly owned subsidiary Great South Land Minerals Ltd will
apply to Mineral Resources Tasmania for an license to explore under
Tasmanian Legislation for the total area included in the current
Special Exploration License 13/98 of approximately 15,000 sq km, as
well as information of its financial resources to carry out the
proposed work programme.

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