- EMX Royalty Corporation (EMX) has closed the final tranche of its private placement for gross proceeds of $21,450,000
- The company issued a total of 6,500,000 units priced at $3.30 each
- Under the second tranche, EMX issued 162,653 units, with each unit consisting of one common share and one-half of one transferable warrant
- EMX Royalty is a royalty and prospect generator that invests in metals and mineral properties
- EMX Royalty Corporation (EMX) opened trading at C$3.51 per share
EMX Royalty Corporation (EMX) has closed the final tranche of its private placement for gross proceeds of $21,450,000.
The company issued a total of 6,500,000 units priced at $3.30 each.
Under the second tranche of its previously announced private placement, EMX issued 162,653 units, with each unit consisting of one common share and one-half of one transferable warrant. Each whole warrant entitles the holder to purchase one common share at $4.00 in the first year and C$4.50 in the second year.
Gross proceeds raised from the placement will be used for general corporate purposes.
EMX paid a 6.0 per cent cash commission and issued compensation warrants to Raymond James Ltd. for each of the two tranches.
The shares issued in the second tranche are subject to a four-month hold period expiring on March 17, 2022.
EMX Royalty is a royalty and prospect generator engaged in exploring for and generating royalties from, metals and minerals properties. The company’s royalty and exploration portfolio consist of properties in North America, Europe, Turkey, Australia, Chile, and Haiti.
EMX Royalty Corporation (EMX) opened trading at C$3.51 per share.