Business
EMP METALS CLOSES FIRST TRANCHE FINANCING AND ANNOUNCES FURTHER INCREASE TO $3,000,000
EMP Metals Corp. (CSE: EMPS) (OTCQB: EMPPF) ("EMP Metals" or the "Company") is pleased to announce that it has closed the first tranche of its previously announced non-brokered private placement financing (the "First Tranche", see news release dated May 12 and May 25, 2026), by issuing 3,871,000 units ("Units) at $0.50 per Unit for gross proceeds of $1,935,500 (the "Offering").
About this update from Emp Metals Corp
[{"type":"text","content":"VANCOUVER, BC, May 28, 2026 /CNW/ - EMP Metals Corp. (CSE: EMPS) (OTCQB: EMPPF) ("EMP Metals" or the "Company") is pleased to announce that it has closed the first tranche of its previously announced non-brokered private placement financing (the "First Tranche", see news release dated May 12 and May 25, 2026), by issuing 3,871,000 units ("Units) at $0.50 per Unit for gross proceeds of $1,935,500 (the "Offering").","length":466,"tagName":"p"},{"type":"image","alt":"EMP Metals Corp. Logo (CNW Group/EMP Metals Corp.)","displaySize":"","headline":null,"caption":"EMP Metals Corp. Logo (CNW Group/EMP Metals Corp.)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":191,"url":"https://media.zenfs.com/en/cnwgroup.com/f0996d10819b87cb837a0a1014c72cb5"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/WhYo4FlHgOFt5QroFY9iKg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTMzNw--/https://media.zenfs.com/en/cnwgroup.com/f0996d10819b87cb837a0a1014c72cb5","width":400,"height":191},"resize_sm":{"url":"https://s.yimg.com/ny/api/res/1.2/L7zFRX1f82minKBXsZIYNQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTY0MDtoPTMwNg--/https://media.zenfs.com/en/cnwgroup.com/f0996d10819b87cb837a0a1014c72cb5","width":400,"height":191}},"href":"https://mma.prnewswire.com/media/2989310/EMP_Metals_Corp__EMP_METALS_CLOSES_FIRST_TRANCHE_FINANCING_AND_A.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"Each Unit under the Offering will consist of one common share ("Share") and one Share purchase warrant ("Warrant"), with each Warrant entitling the holder to purchase one additional share at a price of $0.70 per Share for a period of one (1) year from the date of issue.","length":290,"tagName":"p"},{"type":"text","content":"All securities issued will be subject to a statutory hold period of four months plus one day from closing and the hold period contemplated in Canadian Securities Exchange (the "CSE") policies.","length":202,"tagName":"p"},{"type":"text","content":"In connection with the First Tranche, the Company paid finders a cash fee totaling $122,557.50 and issued a total of 245,115 Warrants (the "Finder's Warrants"). Each Finder's Warrant is exercisable at $0.70 per Share for a period of one (1) year from the date of issue.","length":287,"tag...