Emerita Announces Upsize to C$25M Brokered Private Placement Financing

Emerita Announces Upsize to C$25M Brokered Private Placement Financing

Benzinga
August 13, 2025

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TORONTO, Aug. 13, 2025 (GLOBE NEWSWIRE) -- Emerita Resources Corp. ("Emerita" or the "Company") (TSXV:EMO) (OTCQB:EMOTF) (FSE:LLJA) is pleased to announce that, due to strong investor demand, it has agreed with Clarus Securities Inc. and Velocity Trade Canada as co-lead agents on behalf of a syndicate of agents (collectively, the "Agents"), to increase the size of its previously announced $15,000,090 best-efforts marketed private placement (the "Offering").

Pursuant to the upsized deal terms, the Offering will now consist of up to 23,809,500 units of the Company (the "Units") at a price of $1.05 per Unit (the "Issue Price") for gross proceeds to the Company of up to $24,999,975. Each Unit will consist of one common share in the capital of the Company (each, a "Common Share") and one-half of one Common Share purchase warrant (each whole warrant, a "Warrant"). Each Warrant will entitle the holder to purchase one Common Share at an exercise price of $1.30 for 24 months following the completion of the Offering.

The net proceeds of the Offering will be used by the Company to continue the exploration and development work on its Spanish mineral properties as well as general corporate and working capital purposes.

The Units will be offered through the listed issuer financing exemption under Part 5A of National Instrument 45-106, Prospectus Exemptions ...

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