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Empirical Inc.: Empirical Announces the Closing of a $750,000 Financing
MISSISSAUGA, ONTARIO (MARKET WIRE) Empirical Inc., The Return On Ideas Company(TM) (TSX VENTURE: EM) (the "Company" or "Empirical") is pleased to announce the closing of a $750,000 non-brokered private placement comprising of a secured debenture in the principal amount of $250,000 (the "Term Debenture") and a secured convertible debenture in the principal amount of $500,000 (the "Convertible Debenture"). The Company intends to use the proceeds raised from this transaction for a number of purposes, including funding its future working capital requirements.