- EMX Royalty Corporation (EMX) has completed the first tranche of its upsized $21.45 million private placement for gross proceeds of $20,913,245
- The company issued 6,337,347 units at $3.30 each
- EMX Royalty is a royalty and prospect generator that invests in metals and mineral properties
- The company’s portfolio consists of properties in North America, Europe, Turkey, Australia, Chile, and Haiti
- EMX Royalty Corporation (EMX) opened trading at C$3.29 per share
EMX Royalty Corporation (EMX) has completed the first tranche of its previously announced, upsized $21.45 million private placement for gross proceeds of $20,913,245.
The company issued 6,337,347 units at $3.30 each. Units consist of one common share and one-half of one transferable warrant. Each whole warrant entitles the purchase of one common share at $4.00 in the first year and $4.50 in the second year.
EMX paid a six per cent cash commission and issued non-transferable compensation warrants to eligible finders.
The shares issued and issuable upon the exercise of warrants in the first tranche are subject to a four-month hold period expiring on March 6, 2022.
EMX Royalty is 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$3.29 per share.