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Emperor Metals Announces Private Placement Increase to $10 Million
Newsfileยท 2025-09-12 11:30
Core Viewpoint - Emperor Metals Inc. has increased its private placement offering to up to $10,000,000 due to strong investor demand [1] Offering Details - The offering will consist of Common Units and Flow-Through (FT) Units, with a maximum of 15,000,000 Common Units priced at $0.20 each and up to 25,000,000 FT Units priced at $0.28 each, aiming for gross proceeds of $3,000,000 and $7,000,000 respectively [9] - The Agents have an option to increase the offering size by an additional 15% prior to closing [2] - Each Common Unit includes one Common Share and one-half of a Warrant, while each FT Unit includes one FT Share and one-half of a Warrant [3] Regulatory and Compliance - The Offered Securities will be available under the "listed issuer financing exemption" in Canada and may also be offered in the U.S. and other jurisdictions through private placements [4] - The securities issued under the offering are not expected to be subject to a hold period in Canada [5] Use of Proceeds - The net proceeds from the offering will be allocated to advance the Duquesne West Project and Lac Pelletier Project in Quebec, along with general administrative expenses and working capital [7] Agent Compensation - The Corporation will pay the Agents a cash commission of 6.0% of the gross proceeds and issue warrants to acquire Common Shares equal to 6.0% of the total number of Offered Securities [8] Company Overview - Emperor Metals Inc. is focused on high-grade gold exploration and development in Quebec's Southern Abitibi Greenstone Belt, utilizing AI-driven exploration techniques [11] - The company aims to unlock the resource potential of its Duquesne West Gold Project and Lac Pelletier Project [11]