Emerita Resources Announces Extension of Private Placement
Emerita Resources Announces Extension of Private Placement
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED
STATES
TORONTO, June 25, 2020 -- Emerita Resources Corp. (TSX-V: EMO) (the “Company” or “Emerita”) announces that it has
received an extension from the TSX Venture Exchange (“ TSX-V”) with respect to the duration of its previously announced
private placement (the “Private Placement ”) (please see the Company’s press releases dated May 14, 2020 and May 28,
2020). The outside date upon which final acceptance of the Private Placement will be granted by the TSX-V has been extended
to July 10, 2020. The Company applied for an extension to accommodate investors who have been unable to complete their
subscriptions to due to delays caused by COVID-19.
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 in Spain. The Company’s corporate office and technical team are based in Sevilla,
Spain 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)
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 Private Placement, the use of
proceeds from the Private Placement 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 different 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 with
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.