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  • Emerita Resources (EMO) has announced a bought-deal public offering
  • Clarus Securities Inc. and Research Capital Corporation as co-lead underwriters and joint book runners have agreed to purchase 9,091,000 units for gross proceeds of $10,000,100
  • The underwriters have been granted the option to purchase an additional 1,363,650 units for additional proceeds of up to $1,500,015
  • The offering is scheduled to close on or about July 15, 2021
  • Emerita is a Canadian natural resource company
  • Emerita Resources Corp. (EMO) opened trading at C$1.25 per share

Emerita Resources (EMO) has announced a bought-deal public offering.

Clarus Securities Inc. and Research Capital Corporation as co-lead underwriters and joint book runners have agreed to purchase 9,091,000 units at a price of $1.10 per unit, for aggregate gross proceeds of $10,000,100.

The company has also granted to the underwriters an option to purchase an additional 1,363,650 units at the same price, exercisable for a period of up to two days prior to the closing of the offering for additional proceeds of up to $1,500,015.

Emerita plans to use the proceeds for working capital requirements and general corporate purposes.

The offering is scheduled to close on or about July 15, 2021.

Emerita is a Canadian natural resource company engaged in the acquisition, exploration and development of mineral properties with a primary focus on exploring in Spain.

Emerita Resources Corp. (EMO) opened trading at C$1.25 per share.

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