Source: Emperor Metals Inc.
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  • Emperor Metals (AUOZ) has announced a non-brokered private placement financing for gross proceeds of up to $5,001,550
  • The company will issue up to 13,050,000 flow-through shares for gross proceeds of $3,001,500 and up to 11,765,000 non-flow-through units for gross proceeds of $2,000,050
  • Net proceeds will be used for ongoing project development at the company’s Duquesne West Gold Project located in Quebec
  • The Duquesne West Gold Property hosts a historical inferred mineral resource estimate of 727,000 ounces of gold at a grade of 5.42 g/t Au
  • Emperor Metals is an innovative Canadian mineral exploration company focused on developing high-quality gold properties situated in the Canadian Shield
  • Emperor Metals Inc. (AUOZ) is up 17.65 per cent on the day, trading at C$0.20 per share at 3 pm ET

Emperor Metals (AUOZ) has announced a non-brokered private placement for gross proceeds of up to $5,001,550.

The company will issue up to 13,050,000 flow-through shares at $0.23 per share for gross proceeds of up to $3,001,500 and up to 11,765,000 non-flow-through units at $0.17 per unit for gross proceeds of up to $2,000,050.

Each NFT unit will consist of one common share and one-half of a share purchase warrant. Each whole warrant will entitle the holder to purchase one additional common share for a period of 24 months from the closing of the offering.

The gross proceeds will be used to fund ongoing project development expenditures at the company’s Duquesne West Gold Project and for working capital and general corporate purposes.

Eligible finders will receive a finder’s fee equal to 6 per cent of all cash raised, as well as finder’s warrants equal to 6 per cent of the number of shares and units sold by the finder.

All securities issued will be subject to a statutory four-month hold period.

The Duquesne West Gold Property lies within the historic Duparquet gold mining camp in the southern portion of the Abitibi Greenstone Belt in the Superior Province. The property hosts a historical inferred mineral resource estimate of 727,000 ounces of gold at a grade of 5.42 g/t Au.

Emperor Metals Inc. is a Canadian mineral exploration company focused on developing high-quality gold properties situated in the Canadian Shield.

Emperor Metals Inc. (AUOZ) is up 17.65 per cent on the day, trading at C$0.20 per share at 3 pm ET.


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