Emerita Resources To Raise $10.0 Million Via Bought Deal Financing

Emerita Resources (TSXV: EMO) is capitalizing on recent strength in the market. The company this morning announced that it will be conducting a bought deal financing, lead by Clarus Securities and Research Capital Corporation, for gross proceeds of $10.0 million.

Under the terms of the financing, the company will look to sell a total of 9.1 million units at a price of $1.10 per each. No warrant was indicated as being included in the offering. An over-allotment option has also been granted in connection with the financing, which if exercised would bring in an additional $1.5 million in gross proceeds.

Proceeds from the financing are to be used for working capital requirements and general corporate purposes.

The offering is slated to close July 15, 2021.

Video originally published April 2, 2021.

Emerita Resources last traded at $1.25 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

Gold Could Easily Double Again in This Run!? | Dan Wilton – First Mining Gold

$3300 GOLD: Every $100 Rise in Gold Means Pure Profit |  Ross Beaty – Equinox Gold

First Majestic Silver: The Santo Nino Discovery

Recommended

Emerita Resources Intends To Appeal Exploitation License Granted To Minera Los Frailes

First Majestic Silver: The Santo Nino Discovery

Related News

Emerita Resources Hits 30 Metres Of 3.03 g/t Gold At Depth

Emerita Resources (TSXV: EMO) continues to expand its La Romanera deposit at its Iberian Belt...

Thursday, October 13, 2022, 09:29:03 AM

Emerita Resources: Aznalcóllar Zinc Project Offers Significant Opportunity

Emerita Resources Corp.(TSX-V:EMO), a Canadian natural resource development company, is preparing to commence development on...

Sunday, April 18, 2021, 02:05:00 PM

Emerita Adds Three Drill Rigs To Current Exploration Program

Emerita Resources (TSXV: EMO) this morning revealed it is accelerating its drill program at the...

Friday, November 12, 2021, 08:24:46 AM

Emerita Resources Secures US$15 Million Credit Facility To Advance IBW Project

Emerita Resources (TSXV: EMO) has entered into a credit agreement to further advance its Iberian...

Thursday, August 15, 2024, 09:25:21 AM

Emerita Resources: IBW Project and Aznalcollar Updates

Joining SmallCapSteve this afternoon is David Gower, CEO & Director of Emerita Resources (TSXV: EMO)....

Wednesday, September 21, 2022, 01:30:00 PM