Emerita Resources Announces $3,000,000 Private Placement
65 Queen Street West, Suite 800, Toronto, ON, Canada, M5H 2M5
EMERITA RESOURCES ANNOUNCES $3,000,000 PRIVATE
PLACEMENT
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Toronto, Ontario, July 26, 2018 – Emerita Resources Corp. (TSX-V: EMO) (the “Company”
or “Emerita”) intends to complete a non- brokered private placement financing of up to
60,000,000 units of Emerita (the “Units”) at a price of $0.05 per Unit for gross proceeds of up
to $3,000,000 (the “Offering”).
Each Unit shall be comprised of one common share of Emerita (each a “Common Share”) and
one-half of one common share purchase warrant (each whole warrant, a “Warrant”). Each
Warrant shall entitle the holder to acquire one Common Share at a price of $0.15 for a period
of 24 months following the closing date of the Offering.
The proceeds of the Offering will be used to continue the exploration program on the Salobro
zinc project, satisfy the previously announced upcoming payment to Vale S.A. in connection
with the Company’s acquisition of the Salobro project and for general corporate purposes.
In connection with the Offering, Emerita may pay finder’s fees in cash of up to 8 % of gross
proceeds of the Offering and finder’s warrants (“Finder Warrants”) in an amount of up to 8%
of the Units sold pursuant to the Offering to eligible finders in accordance with the policies of
the TSX Venture Exchange. Each Finder Warrant will entitle the holder thereof to purchase
one Common Share at a price of $0.15 for a period of 24 months following the closing date of
the Offering.
The closing date of the Offering is expected to occur on or about August 15 , 201 8. All
securities issued by Emerita will be subject to a hold period of four months and one day.
Completion of the Offering is subject to customary closing conditions, including TSX Venture
Exchange approval.
About Emerita Resources Corp.
Emerita is a natural resource company engaged in the acquisition, exploration and
development of mineral properties in Europe, with a primary focus on exploring its properties
in Spain and Brazil. The Company’s corporate office and technical teams are based in Sevilla,
Spain and Belo Horizonte, Brazil with an administrative office in Toronto, Canada.
For further information, contact:
Helia Bento
+1 416 309 4293 (Toronto)
Joaquin Merino
+34 (628) 1754 66 (Spain)
65 Queen Street West, Suite 800, Toronto, ON, Canada, M5H 2M5
Cautionary Note Regarding Forward-looking Information
This press release contains “ forward-looking information” within the meaning of applicable
Canadian securities legislation. Forward- looking information includes, without limitation,
statements regarding the timing of the Offering, the Company’s ability to explore and develop
the Salobro project, the closing of the Offering, the use of proceeds from the Offering and the
Company’s future plans. Generally, forward-looking information can be identified by the use
of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”,
“budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”,
or “believes”, or variations of such words and phrases or state that certain actions, events or
results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Forward-
looking information is subject to known and unknown risks, uncertainties and other factors
that may cause the actual results, level of activity, performance or achievements of Emerita,
as the case may be, to be materially differ ent from those expressed or implied by such
forward-looking information, including but not limited to: general business, economic,
competitive, geopolitical and social uncertainties; the actual results of current exploration
activities; risks associated wi th operation in foreign jurisdictions; ability to successfully
integrate the purchased properties; foreign operations risks; and other risks inherent in the
mining industry. Although Emerita has attempted to identify important factors that could cause
actual results to differ materially from those contained in forward- looking information, there
may be other factors that cause results not to be as anticipated, estimated or intended. There
can be no assurance that such information will prove to be accurate, as actual results and
future events could differ materially from those anticipated in such statements. Accordingly,
readers should not place undue reliance on forward- looking information. Emerita does not
undertake to update any forward- looking information, except in accordance with applicable
securities laws.
This news release does not constitute an offer to sell or a solicitation of an offer to buy
any of the securities in the United States. The securities have not been and will not be
registered under the United States Securities Act of 1933, as amended (the “U.S.
Securities Act”) or any state securities laws and may not be offered or sold within the
United States or to U.S. Persons unless registered under the U.S. Securities Act and
applicable state securities laws or an exemption from such registration is available.
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER
(AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE)
ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.