file:///C:/Users/edrake/Downloads/Web.pdf.html 1/3 Emerita Resources Corp. Announces $10,000,100 “Bought Deal” Financing Your publication date and time will appear here. | Source: Emerita Resources Corp. THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY
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Emerita Resources Corp. Announces
$10,000,100 “Bought Deal” Financing
Your publication date and time will appear here. | Source: Emerita
Resources Corp.
THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY
AND IS NOT AUTHORIZED FOR DISTRIBUTION TO UNITED STATES
NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.
TORONTO, June 25, 2021 (GLOBE NEWSWIRE) -- Emerita Resources Corp.
(TSXV:EMO) (the “Company”) is pleased to announce that it has entered into
an agreement with Clarus Securities Inc. and Research Capital Corporation
as co-lead underwriters and joint book runners on behalf of a syndicate of
underwriters (collectively, the "Underwriters") to purchase, on a bought deal
private placement basis, 9,091,000 Units of the Company at a price of $1.10
per Unit, for aggregate gross proceeds of $10,000,100 (the “Offering”). The
Company has also granted to the Underwriters an option to purchase an
additional 1,363,650 Units at the same price, exercisable by the Underwriters
for a period of up to two days prior to closing of the Offering for additional
gross proceeds of up to $1,500,015.
The Company plans to use the net proceeds of the Offering for working
capital requirements and general corporate purposes.
The Offering is scheduled to close on or about July 15, 2021, and is subject to
certain conditions including, but not limited to, the receipt of all necessary
approvals including the approval of the TSX Venture Exchange (“TSXV”). The
securities to be issued under this Offering will be offered by way of private
placement exemptions in all the provinces of Canada, and in the United
States on a private placement basis pursuant to exemptions from the
registration requirements of the United States Securities Act of 1933, as
amended.
The securities being offered have not, nor will they be registered under the
United States Securities Act of 1933, as amended, and may not be offered or
sold within the United States or to, or for the account or bene t of, U.S.
...
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persons absent U.S. registration or an applicable exemption from the U.S.
registration requirements. This release does not constitute an offer for sale
of securities in the United States.
About Emerita Resources Corp.
Emerita is a Canadian natural resource company engaged in the
acquisition, exploration and development of mineral properties with a
primary focus on exploring in Spain.
Management has spent decades with major mining companies globally and
has a successful track record that includes numerous mineral deposit
discoveries and subsequent project developments in North and South
America, Africa and Australia. The Company’s corporate of ce and technical
team are based in Sevilla, Spain with an administrative of ce in Toronto,
Canada.
The Company’s shares are listed on the TSXV under the symbol "EMO".
For further information please refer to the Company’s website at
www.emeritaresources.com
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 Offering
and the Company’s future plans. Generally, forward-looking information can
be identi ed 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
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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.
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.
David Gower