August 17 2020

Emerita Resources 7,142,847-share private placement

Emerita Resources 7,142,847-share private placement

Emerita Resources Corp (2) (C:EMO)
Shares Issued 77,614,165
Last Close 8/17/2020 $0.315
Monday August 17 2020 - Private Placement

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Aug. 13, 2020.

Number of shares:7,142,847 shares Purchase price:14 cents per share Warrants:3,571,423 share purchase warrants to purchase 3,571,423 shares Warrant initial exercise price:15 cents Warrant term to expiry:two years Number of placees:33 placees Finder's fee:Industrial Alliance Securities Inc., $22,800 cash and 162,862 warrants Finder's warrant initial exercise price:15 cents Finder's warrant term to expiry:expiring in 24 months

Note that in certain circumstances the exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.

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TAGS: Energy