On December 20, 2017, Emerita Resources Corp. (TSXV: EMO) announced the closing, on an oversubscribed basis, of its previously announced private placement financing of units for gross proceeds of approximately $4.2 million.
Mackie Research Capital Corporation acted as sole bookrunner and agent and offered the units for sale on a “best efforts” private placement basis.
Emerita Resources 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.
Mack Hosseinian of Miller Thomson advised Emerita Resources in this financing.