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Empire Mining Corporation

09:36 AM EST - Empire Mining Corporation : announced that it has signed a definitive agreement governing the royalty sale with Anglo-Pacific Group PLC as originally announced on May 25, 2010 and updated on September 30, 2010. Under the definitive agreement, Empire will sell to APG a 3% gross royalty over product mined from Empire's Bulqiza chromite project as well as 6,700,000 common shares. In consideration of the foregoing, APG will pay Empire $4,105,000, of which $3,100,000 must be used by Empire to develop the Bulqiza project. Empire Mining Corporation shares V.EPC are trading up $.05 at $0.35.