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Emerita Announces Closing of C$25M Brokered Private Placement and C$1.09M Concurrent Non-Brokered Private Placement

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TORONTO, Aug. 26, 2025 (GLOBE NEWSWIRE) -- Emerita Resources Corp. ("Emerita" or the "Company") (TSXV:EMO) (OTCQB:EMOTF) (FSE: LLJA) is pleased to announce that it has closed its previously announced brokered private placement of units of the Company (each, a "Unit") pursuant to which the Company issued 23,809,500 Units at a price of C$1.05 per Unit (the "Offering Price") for aggregate gross proceeds to the Company of C$24,999,975 (the "Brokered Offering"). The Brokered Offering was conducted on a "best efforts" agency basis, with Clarus Securities Inc. ("Clarus") and Velocity Trade Capital Ltd. (collectively with Clarus, the "Co-Lead Agents"), as co-lead agents and co-lead bookrunners, on behalf of a syndicate of agents including Canaccord Genuity Corp. and iA Private Wealth Inc. (collectively with the Co-Lead Agents, the "Agents").

The Company is also pleased to announce that, concurrent with the closing of the Brokered Offering, it has closed its previously announced non-brokered private placement of Units on an upsized basis (the "Non-Brokered Offering", and together with the Brokered Offering, the "Offering"). The Company issued 1,040,000 Units at the Offering Price for gross proceeds to the Company of C$1,092,000 pursuant to the Non-Brokered Offering.

Each Unit is comprised 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 entitles the holder thereof to purchase one additional Common Share at an exercise price of C$1.30 per Common Share until August 26, 2027.

The Brokered Offering was conducted pursuant to the terms of an agency agreement dated August 26, 2025 among the Company and the Agents (the "Agency Agreement"). In accordance with the terms of the Agency Agreement, in consideration for their services, the Agents received a total cash commission equal to $1,727,213.25 and a total of 1,644,965 non-transferable compensation options (each, a "Compensation Option"). Each Compensation Option entitles the ...