* Emperor Metals (OTCQB:EMAUF [https://seekingalpha.com/symbol/EMAUF]) on Wednesday said it has entered into an agreement with SCP Resource Finance in connection with a "best efforts" offering to raise gross proceeds of up to $6.5M.
* The offering consists of up to 12.5M units at a price of $0.20 per common unit for gross proceeds of up to $2.5M and up to 14.28M units issued on a "flow-through" basis at a price of $0.28 per FT Unit for gross proceeds of up to $4,000,080.
* Each common unit will be comprised of one common share and one-half of one common share purchase warrant. Each warrant shall be exercisable to acquire one common share at a price of $0.35 per common share for a period of 24 months from the closing of the offering.
* The net proceeds of the offering will be used to advance the corporation's Duquesne West Project and Lac Pelletier Project in Quebec and for general and administrative expenses and working capital purposes.
* Closing of the offering is expected on or about October 7.
* Source: Press Release [https://seekingalpha.com/pr/20227607-emperor-metals-announces-6_5-million-best-efforts-private-placement]
MORE ON EMPEROR METALS INC.
* Financial information for Emperor Metals Inc. [https://seekingalpha.com/symbol/EMAUF/income-statement]
Emperor Metals announces $6.5M "best efforts" private placement
Published 2 months ago
Sep 10, 2025 at 11:59 AM
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