Core Points - Emergent Metals Corp. plans to complete a non-brokered private placement of up to 10,000,000 units at a price of CDN$0.05 per unit, aiming for gross proceeds of up to CDN$500,000 [1] - Each unit will consist of one common share and one whole transferable common share purchase warrant, exercisable at CDN$0.10 per share for 24 months [1] - The company intends to use the net proceeds for general working capital purposes and may pay finder's fees, subject to compliance with TSX Venture Exchange policies [3] Company Developments - Certain insiders may participate in the offering, which would be considered a related party transaction but is expected to be exempt from formal valuation and minority shareholder approval requirements [2] - Joseph Mullin has resigned as a director, effective November 19, 2025, and will not be eligible for appointment at the upcoming Annual General Meeting [4] Company Overview - Emergent is focused on gold and base metal exploration in Nevada and Quebec, employing an acquisition and divestiture business model [5] - Key properties include the Golden Arrow Property in Nevada, which has a well-defined resource and plans for a major drilling program, and the Casa South Property in Quebec, located adjacent to operating mines [6][7]
Emergent Metals Corp. Announces Private Placement