Emerita Resources Announces C$15 Million Private Placement

Emerita Resources Announces C$15 Million Private Placement

Benzinga
August 13, 2025

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TORONTO, Aug. 13, 2025 (GLOBE NEWSWIRE) -- Emerita Resources Corp. (TSXV:EMO) (OTCQB:EMOTF) (FSE:LLJA) ("Emerita" or the "Company") is pleased to announce it has entered into an engagement letter with Clarus Securities Inc. ("Clarus") whereby Clarus and Velocity Trade Canada will act as co-lead agents on behalf of a syndicate of agents (collectively, the "Agents") pursuant to which the Agents will, on a "best-efforts" agency basis, offer up to 14,285,800 units of the Company (each a "Unit"), at a price per Unit of $1.05, for aggregate gross proceeds of up to $15,000,090 (the "Offering").

Eric Sprott, one of Emerita's largest shareholders, has agreed to participate in the Offering with a lead order of $5 million.

Each Unit shall consist of one common share of the Company (each a "Share") and one-half of one common share purchase warrant (each whole warrant, a "Warrant"). Each Warrant shall entitle the holder to purchase one Share at a price of $1.30 for a period of 24 months following the Closing Date.

The Units will be offered through the listed issuer financing exemption under Part 5A of National Instrument 45-106, Prospectus Exemptions (the "Listed Issuer Financing Exemption"). Because the Offering is being completed pursuant to the Listed Issuer Financing Exemption, the securities issued in the Offering will not be subject to a statutory hold ...

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