Empire Petroleum Corporation has announced the extension of its previously announced rights offering, aiming to raise up to approximately $5.0 million in gross proceeds. The offering includes $2.5 million from the exercise of warrants issued as part of the initiative. The company has clarified the unit subscription price and issued a prospectus supplement to reflect these updates. Phil E. Mulacek, Chairman of the Board and a significant shareholder, plans to fully subscribe to his rights and exercise over-subscription rights for any remaining securities. Interested shareholders are advised to review all issued materials and contact the Securities Transfer Corporation for further information. This move does not constitute an offer to sell securities where it would be unlawful.
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