Emerita increases placement to $24.99-million

Executive Summary

• Emerita Resources Corp. upsized its brokered private placement to a maximum of C$15 million, offering up to 14,285,800 units at $1.05 per unit.
• Major shareholder Eric Sprott committed a lead order of $5 million, providing significant anchor support for the financing.
• Net proceeds will fund continued exploration and development of Spanish mineral properties and provide general corporate and working‑capital liquidity.

Key Details

• Offering Size: Up to 14,285,800 units for aggregate gross proceeds of up to C$15,000,090 (≈ US$11.2 M).
• Price per Unit: $1.05.
• Unit Composition: Each unit = 1 common share + ½ common share purchase warrant.
• Warrant Terms: Right to purchase one share at $1.30 for 24 months after closing.
• Lead Investors: Eric Sprott – lead order of $5 million.
• Agents: Clarus Securities Inc. and Velocity Trade Canada acting as co‑lead agents for a syndicate on a best‑efforts basis.
• Exemption Used: Listed issuer financing exemption under Part 5A of NI 45‑106 (prospectus exempt). No statutory hold period applies.
• Use of Proceeds: • Continue exploration and development of Spanish mineral properties. • General corporate purposes and working capital.
• Closing Date: Expected on or about August 26, 2025, subject to customary conditions and TSX‑V approvals.
• Documentation: Offering memorandum filed on SEDAR (Form 45‑106F19) available via company profile and website; investors urged to review before investing.

Notable Quotes

(No direct quotes were provided in the release.)