Business
Emperor Closes $1.2 Million Private Placement
Edmonton, Alberta--(Newsfile Corp. - March 26, 2025) - Emperor Metals Inc. (CSE: AUOZ) (OTCQB: EMAUF) (FSE: 9NH) ("Emperor") is pleased to announce that it has completed a non-brokered private placement financing previously announced on March 12, 2025.The Company issued 8,184,834 units ("Units") at a price of $0.15 per Unit for gross proceeds of up to $1,227,725. Each Unit consists of one common share (a "Share") and one-half of a share purchase warrant (a "Warrant"). Each whole ...
About this update from Emperor Metals, Inc.
[{"type":"text","content":"Edmonton, Alberta--(Newsfile Corp. - March 26, 2025) - Emperor Metals Inc. (CSE: AUOZ) (OTCQB: EMAUF) (FSE: 9NH) ("Emperor") is pleased to announce that it has completed a non-brokered private placement financing previously announced on March 12, 2025.","length":272,"tagName":"p"},{"type":"text","content":"The Company issued 8,184,834 units ("Units") at a price of $0.15 per Unit for gross proceeds of up to $1,227,725. Each Unit consists of one common share (a "Share") and one-half of a share purchase warrant (a "Warrant"). Each whole Warrant entitles the holder to purchase one additional Share of the Company at an exercise price of $0.35 until April 1, 2027, provided that if the closing market price for Emperor's common shares is equal to or greater than $0.50 per share for a period of ten (10) consecutive trading days at any point in time after the first 4 months of the Term, then Emperor may deliver a notice (the "Notice") via widely disseminated press release, that the Warrants must be exercised within thirty (30) days from the date of delivery of such Notice, otherwise the Warrants will expire at 4:30 p.m. (MT) on the thirty-first (31st) day after the date of delivery of the Notice. The gross proceeds from the sale of the Units will be utilized to fund exploration and development of Emperor's projects, and for general working capital.","length":1100,"tagName":"p"},{"type":"text","content":"In connection with the sale of the Units, the Company paid a total of $8,100 in cash, and issued 86,000 finder's warrants (the "Finder's Warrants"), on the same as the Warrants, to eligible finders for certain of the Units sold. All securities issued are subject to a hold period until August 2, 2025.","length":319,"tagName":"p"},{"type":"text","content":"The gross proceeds from the sale of the Units will be utilized to fund exploration and development of the Company's projects, and for general working capital.","length":162,"tagName":"p"},{"type":"text","content":"About Emperor Metals Inc.","length":25,"tagName":"p"},{"type":"text","content":"Emperor Metals Inc. is a high-grade gold exploration and development junior mining company focused on Quebec's Southern Abitibi Greenstone Belt and leveraging AI-driven exploration techniques. Emperor is dedi...