Emerita Resources closes $20 million bought deal private placement

July 15, 2021

On July 15, 2021, Emerita Resources Corp. (TSXV: EMO) (“Emerita”) announced the closing of its bought deal private placement of units pursuant to which Emerita issued 18,182,500 Units at a price of $1.10 per Unit (the “Offering Price”) for aggregate gross proceeds of $20,000,750 (the “Offering”), which included the full exercise of the Underwriters’ option to purchase additional Units. The Offering was led by Clarus Securities Inc. and Research Capital Corporation, as co-lead underwriters and joint bookrunners, on behalf of a syndicate of underwriters (collectively, the “Underwriters”) that included iA Private Wealth Inc.

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.

Miller Thomson advised Emerita on the Offering with a team comprised of Mack Hosseinian (Capital Markets & Securities), Anca Nitu (Paraprofessional) and Connor Broude (Student).