Emperor Closes $1.5 Million Private Placement
Emperor Closes $1.5 Million Private Placement
Vancouver, British Columbia--(Newsfile Corp. - November 24, 2023) - Emperor Metals Inc. (CSE:
AUOZ) (OTC Pink: EMAUF) (FSE: 9NH) ("
Emperor
") is pleased to announce that it has completed a
non-brokered private placement financing previously announced on November 17, 2023.
The Company issued 15,419,400 units ("
Units
") at a price of $0.10 per Unit for gross proceeds of up to
$1,541,940. Each Unit consists of one common share and one share purchase warrant. Each whole
warrant entitles the holder to purchase one additional common share of the Company at an exercise
price of $0.20 until November 24, 2025.
In connection with the sale of the Units, the Company paid a total of $41,575.80 in cash, and issued
415,758 finder's warrants (the "
Finder's Warrants
") to eligible finders for certain of the Units sold.
Each
Finders' Warrant entitles the holder to purchase one common share of the Company at an exercise price
of $0.20 per share until November 24, 2025.
All securities issued are subject to a hold period until March 25, 2024.
The gross proceeds from the sale of the Units will be utilized to fund exploration and development of the
Company's Duquesne West Gold Project, and for general working capital.
About Emperor Metals Inc.
Emperor Metals Inc. is an innovative Canadian mineral exploration company focused on developing
high-quality gold properties situated in the Canadian Shield. For more information, please refer to
SEDAR+ (
www.sedarplus.ca
), under the Company's profile.
ON BEHALF OF THE BOARD OF DIRECTORS
s/ "Alexander Horsley"
Alexander Horsley
, Director
For further information, please contact:
Alexander Horsley
Phone: 778-323-3058
Email:
Website:
www.emperormetals.com
THIS NEWS RELEASE MAY CONTAIN CERTAIN "FORWARD LOOKING STATEMENTS".
FORWARD-LOOKING STATEMENTS INVOLVE KNOWN AND UNKNOWN RISKS, UNCERTAINTIES,
ASSUMPTIONS AND OTHER FACTORS THAT MAY CAUSE THE ACTUAL RESULTS,
PERFORMANCE OR ACHIEVEMENTS OF THE COMPANY TO BE MATERIALLY DIFFERENT FROM
ANY FUTURE RESULTS, PERFORMANCE OR ACHIEVEMENTS EXPRESSED OR IMPLIED BY
THE FORWARD-LOOKING STATEMENTS. ANY FORWARD-LOOKING STATEMENT SPEAKS ONLY
AS OF THE DATE OF THIS NEWS RELEASE AND, EXCEPT AS MAY BE REQUIRED BY
APPLICABLE SECURITIES LAWS, THE COMPANY DISCLAIMS ANY INTENT OR OBLIGATION TO
UPDATE ANY FORWARD-LOOKING STATEMENT, WHETHER AS A RESULT OF NEW
INFORMATION, FUTURE EVENTS OR RESULTS OR OTHERWISE.
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https://www.newsfilecorp.com/release/188666