Emerita Resources Announces Concurrent Offering

Core Points - Emerita Resources Corp. has successfully fully subscribed its Initial Offering of up to 23,809,500 units due to strong investor demand and is launching a Concurrent Offering of up to 1,000,000 units at a price of $1.05 per unit for gross proceeds of up to $1,050,000, bringing the total maximum gross proceeds of both offerings to $26,049,975 [1][4] Group 1 - The Concurrent Offering will consist of units that include one common share and one-half of a common share purchase warrant, with each warrant allowing the purchase of one common share at an exercise price of $1.30 for 24 months post-offering [3] - An existing large shareholder has agreed to subscribe for the Concurrent Offering, indicating strong support from current investors [2] - The net proceeds from both offerings will be allocated towards exploration and development of the company's mineral properties in Spain, as well as for general corporate and working capital purposes [4] Group 2 - The Concurrent Offering is expected to close on or about August 26, 2025, subject to necessary approvals, including from the TSX Venture Exchange [4] - The securities offered in the Concurrent Offering will not be registered under the United States Securities Act and cannot be sold within the United States without proper registration or exemption [5] - Emerita Resources Corp. focuses on the acquisition, exploration, and development of mineral properties in Europe, primarily in Spain, with its corporate office located in Sevilla, Spain [6]