- EMX Royalty Corporation (EMX) has completed the C$12.58 million private placement with Franco-Nevada Corporation
- Franco-Nevada purchased 3,812,121 units at C$3.30 per unit
- The proceeds were used to acquire an additional net smelter royalty on the Caserones open-pit mine in northern Chile
- EMX Royalty is a precious, base and battery metals royalty company
- EMX Royalty Corporation (EMX) opened trading at C$2.86 per share
EMX Royalty Corporation (EMX) has completed the C$12.58 million (US$10 million) private placement with Franco-Nevada Corporation.
Franco-Nevada purchased 3,812,121 units at C$3.30 per unit. Each unit consists of one common share of EMX and one common share purchase warrant exercisable until April 14, 2027.
The shares issued will be subject to a four-month hold period expiring August 15, 2022.
Franco-Nevada now owns approximately 3.5 per cent of the issued and outstanding shares of EMX on an undiluted basis.
The proceeds were used to acquire an additional net smelter royalty on the Caserones open-pit mine in northern Chile. EMX Royalty is a precious, base and battery metals royalty company.
EMX Royalty Corporation (EMX) opened trading at C$2.86 per share.