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  • EMX Royalty Corporation (EMX) has announced a private placement of up to 5,000,000 units at $3.30 each
  • The offering will generate gross proceeds of up to $16.5 million and is led by members of the Sprott Group
  • Closing of the private placement is subject to the approval of the TSX Venture Exchange
  • EMX Royalty is a royalty and prospect generator that invests in metals and mineral properties
  • EMX Royalty Corporation (EMX) is currently down 2.74 per cent, trading at $3.19 per share

EMX Royalty Corporation (EMX) has announced a private placement of up to 5,000,000 units at $3.30 each.

The offering will generate gross proceeds of up to $16.5 million and is led by members of the Sprott Group, who have agreed to act as finders for some of the units.

Each unit will consist of one common share and half of one transferable warrant. Each warrant will be exercisable for two years for $4.00 in the first year and $4.50 in the second year.

Eligible finders will be paid a 6.0 per cent cash commission and issued that number of non-transferable compensation warrants, equal to 6.0 per cent of the number of units sold to investors introduced by them.

Each compensation warrant will give the finder a purchase of one year of one common share at $ 3.50 per share.

Closing of the private placement is subject to the approval of the TSX Venture Exchange.

EMX Royalty is a royalty and prospect generator engaged in the exploring for and generating royalties from, metals and minerals properties. The company’s royalty and exploration portfolio consists of properties in North America, Europe, Turkey, Australia, Chile, and Haiti.

EMX Royalty Corporation (EMX) is currently down 2.74 per cent, trading at $3.19 per share as of 10:24 am ET.

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