Emerita Resources 36,964,285-share private placement
Emerita Resources 36,964,285-share private placement
Emerita Resources Corp (2) (C:EMO)
Shares Issued 84,794,018
Last Close 12/23/2020 $0.245
Wednesday December 23 2020 - Private Placement
The TSX Venture Exchange has accepted for filing documentation with respect to a brokered private placement announced Dec. 11, 2020.
Number of shares:36,964,285 shares Purchase price:14 cents per share Warrants:18,482,142 share purchase warrants to purchase 18,482,142 shares Warrant initial exercise price:16 cents Warrant term to expiry:two years Number of placees:64 placees Agents' fees:Clarus Securities Inc., $186,300 cash and 1,330,714 Compensation options (Each compensation option will entitle the holder thereof to purchase one common share at an exercise price equal to the offering price for a period of 24 months following the closing.); Mackie Research Capital Corp., $186,300 cash and 1,330,714 compensation options (Each compensation option will entitle the holder thereof to purchase one common share at an exercise price equal to the offering price for a period of 24 months following the closing.); Industrial Alliance Securities Inc., $41,400 cash and 295,714 compensation options (Each compensation option will entitle the holder thereof to purchase one common share at an exercise price equal to the offering price for a period of 24 months following the closing.)
Note that in certain circumstances the exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.
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