FORT LAUDERDALE, Florida, February 17, 2021 / PRNewswire / – Empire Diversified Energy Corporation (OTCQB: MPIR) today announced the closing of a $ 13,100.00 Bridge loan with Principal Street Partners to finance its solid waste recycling plant in Follansbee, WV. The bridging loan expires on February 1, 2022.
Empire Diversified Energy Inc. intends to begin the engineering and licensing phase for the construction of the recycling plant, which is located adjacent to Empire’s trimodal terminal, starting this month.
Commenting on the transaction, Empire CEO Mr. Franck Rosso said: “I am very happy to announce that this bridge loan has been concluded and that our team can now focus on the construction phase of the recycling plant.”
About Empire Diversified Energy, Inc.
Empire Diversified Energy, Inc. is a full service company providing logistics and service solutions to the dynamic changing needs of the energy industry. The objective of the Company, based on years of demonstrable experience, is to develop a network of logistics and storage facilities to promote international sales of petrochemicals.
Statements in this communication that are not based on current or historical facts are forward-looking in nature. These forward-looking statements, including our intention to begin the engineering and licensing phase of recycling plant construction projects, reflect management’s current views regarding future events and are subject to certain risks, uncertainties and assumptions. . If one or more of these risks or uncertainties materialize or if the underlying assumptions turn out to be incorrect, actual results could differ materially from those described herein as anticipated, believed, estimated or expected, or described in express terms. similar.
SOURCE Empire Diversified Energy Inc.