- 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.