EMPIRE DIVERSIFIED ENERGY CLOSES $40 MILLION FINANCING TO COMMISSION RECYCLING PLANT IN WEST VIRGINIA
FORT LAUDERDALE, Fla., June 8, 2023 /PRNewswire/ -- Empire Diversified Energy, Inc. (OTC Pink: MPIR) (the "Company") announced today that its wholly owned subsidiary, Empire Green Generation, LLC, has closed on its financing of forty million dollars ($40,000,000) through the sale of Solid Waste Disposal Facilities Revenue Bonds (Empire Green Generation, LLC Project) Series 2023 with the West Virginia Economic Development Authority.
- FORT LAUDERDALE, Fla., June 8, 2023 /PRNewswire/ -- Empire Diversified Energy, Inc. (OTC Pink: MPIR) (the "Company") announced today that its wholly owned subsidiary, Empire Green Generation, LLC, has closed on its financing of forty million dollars ($40,000,000) through the sale of Solid Waste Disposal Facilities Revenue Bonds (Empire Green Generation, LLC Project) Series 2023 with the West Virginia Economic Development Authority.
- This financing will be used to complete the construction of the recycling plant at the Company's riverfront complex of the 'Port of West Virginia' in Follansbee, West Virginia (the "Port").
- The Company's Chief Executive Officer Frank Rosso stated: "We are very pleased to bring this cutting-edge technology to the State of West Virginia and are committed to our efforts of environmentally friendly and economically sustainable growth at the Port of West Virginia.
- We believe Empire Green Generation will be an industry leader in waste-to-energy recycling and are excited about its future.