EMP METALS ANNOUNCES FINANCING OF UP TO $2,000,000

Executive Summary

• EMP Metals announced a non‑brokered private placement of up to 5,000,000 units at $0.40 per unit, targeting gross proceeds of up to $2 million.
• Each unit consists of one common share and one warrant allowing purchase of an additional share at $0.60 for 24 months.
• Proceeds will fund annual concession fees, potential land acquisitions, and general working capital.

Key Details

• Offering Size: Up to 5,000,000 units.
• Price per Unit: $0.40 (equivalent to $0.20 per common share plus warrant).
• Gross Proceeds Target: Up to $2,000,000.
• Unit Composition: 1 common share + 1 share purchase warrant.
• Warrant Terms: Right to buy one additional share at $0.60 per share; exercisable for 24 months from issuance.
• Use of Proceeds:
• Payment of annual concession fees on mineral properties.
• Possible land acquisitions.
• General working capital.
• Closing Conditions: Subject to receipt of all required approvals, including Canadian Securities Exchange approval; securities subject to a statutory/Exchange hold period of four months plus one day.
• Finder Fees: Company may pay finder fees in compliance with applicable laws and exchange policies.
• U.S. Offering Restrictions: Units are not registered under the U.S. Securities Act and cannot be offered or sold in the United States absent exemption.

Notable Quotes

(No direct quotes were provided in the release.)