Sunday, June 1, 2025

Latest

Emerita Resources Sees Eric Sprott Increase Ownership To 10.7%

Emerita Resources (TSXV: EMO) has seen one of its major shareholders increase his stake in the company. Renowned mining financier Eric Sprott has exercised all outstanding warrants held in the company, resulting in him increasing his stake in the firm by 3.3%.

In total, Sprott exercised 6.8 million warrants in the company, at a price of $0.30 per common share. As a result, the firm received gross proceeds of $2.0 million from the transaction, while Sprott saw his ownership increase by 3.3%.

Following the closing of the transaction, Sprott now holds a 10.7% stake in Emerita, and increase from the prior 7.4% stake. Collectively, he now owns a total of 20.5 million shares in Emerita, which equates to a $65.5 million stake in the company based on Friday’s closing price.

Emerita Resources last traded at $3.20 on the TSX Venture.


FULL DISCLOSURE: Emerita Resources is a client of Canacom Group, the parent company of The Deep Dive. The author has been compensated to cover Emerita Resources on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security.

Leave a Reply

Video Articles

Alamos Gold Q1 Earnings: The Inside Scoop

Cerrado Gold Q4 Earnings: The Turnaround is Working

B2GOLD Q1 Earnings: Revenue Up, Production & Cash Flow Decline

Recommended

Canadian Copper: The $172M Combined Strategy PEA

ESGold Begins Concentration Tests Ahead Of First Production

Related News

Emerita Releases Initial Sample Results From Iberia Belt West

Emerita Resources (TSXV: EMO) this morning released the initial results of its surface sampling program...

Monday, May 10, 2021, 08:14:03 AM

Emerita Resources Launches Initial 5,000 Metre Drill Program At Iberia West

Emerita Resource Corp (TSXV: EMO) has begun mobilization for its diamond drill program at its...

Monday, April 12, 2021, 07:57:18 AM

Emerita Resources Requests Delay In Administrative Court Hearing For Aznalcollar

Emerita Resources (TSXV: EMO) has requested a delay in the administrative court proceedings as they...

Monday, May 2, 2022, 08:33:15 AM

New Found Gold Sees Eric Sprott Invest $48 Million In Company

New Found Gold (TSXV: NFG) is raising money again. The company this morning announced that...

Thursday, October 21, 2021, 08:00:09 AM

Emerita Resources Increases Romanera Drill Program To 70,000 Metres

Hot off the heels of receiving drill permits for its La Romanera property, Emerita Resources...

Tuesday, May 17, 2022, 08:12:06 AM