Emperor Metals announces private placement increase to $10 million

* Emperor Metals (OTCQB:EMAUF [https://seekingalpha.com/symbol/EMAUF]) on Friday announced that it has increased the size of its "best efforts" private placement to up to $10M.
* The increased offering consists of up to 15M units of the corporation at a price of $0.20 per common unit for gross proceeds of up to $3M and up to 25M units issued on a "flow-through" basis at a price of $0.28 per FT unit for gross proceeds of up to $7M.
* 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.
* Each FT unit will be comprised of one common share issued on a "flow-through" basis and one-half of one warrant.
* Closing of the offering is expected on or about October 7.
* Source: Press Release [https://seekingalpha.com/pr/20230470-emperor-metals-announces-private-placement-increase-to-10-million]

MORE ON EMPEROR METALS INC.

* Emperor Metals announces $6.5M "best efforts" private placement [https://seekingalpha.com/news/4493662-emperor-metals-announces-65m-best-efforts-private-placement]
* Financial information for Emperor Metals Inc. [https://seekingalpha.com/symbol/EMAUF/income-statement]