Emerita Resources Corp. has engaged FRASA Ingenieros Consultores , a highly reputable engineering firm with offices in Spain and Internationally, to prepare the environmental documentation for the Iberia Belt West Project in order to obtain the “Autorizacion Ambiental Unificada ”. FRASA are the Environmental Consultants used by major companies in the area for permitting and are well versed in the requirements to obtain [...]
Emerita Resources Corp. is pleased to announce that it has closed its previously announced private placement of units of the Company pursuant to which the Company issued 36,964,285 Units at a price of $0.14 per Unit for aggregate gross proceeds of $5,175,000 , including the full exercise of the over-allotment option. The Offering was led by Mackie Research Capital Corporation, as co-lead agent and sole bookrunner, along [...]
Emerita Resources Corp. is pleased to announce that due to investor demand, the Company is increasing its previously announced private placement from total gross proceeds of up to $2.5 million to total gross proceeds of up to $4.5 million . The Offering will now consist of up to 32,142,857 units of the Company at a price of $0.14 per Unit . Mackie Research Capital Corporation is co-lead agent and sole bookrunner, along [...]
Emerita Resources Corp. , further to its press release dated November 23, 2020, has revised the terms of its previously announced private placement of units of the Company by increasing the exercise price of the common share purchase warrant underlying the Units from $0.15 to $0.16. Please see the Company’s press release dated November 23, 2020 for greater details regarding the Offering. Mackie Research Capital [...]
Emerita Resources Corp. is pleased to announce that it has entered into an agreement with Mackie Research Capital Corporation, as co-lead agent and sole bookrunner, along with Clarus Securities Inc. as co-lead agent in connection with a best efforts, private placement of units of the Company at a price of $0.14 per Unit for aggregate gross proceeds of up to $2,500,000 . Each Unit will be comprised of one common share of [...]
Emerita Resources Corp. is pleased to announce that important progress has been made towards the resolution of the ongoing Aznalc?llar legal proceedings in Spain which appears to be entering the final stages after more than five years. The Superior Court judges responsible for the case have concluded that further investigations are not required as they now have sufficient evidence to establish that crimes were committed [...]
Emerita Resources Corp. is pleased to announce that its submission of the Form 211 to FINRA has been cleared and the Company's shares now qualify for trading in the United States on the OTC Pink Market under the symbol “EMOTF”. Emerita has applied for DTC eligibility by the Depository Trust Company for its shares traded on the OTC Pink Market and it expects to receive DTC’s approval in the coming weeks. "This is an [...]
Emerita Resources Corp. announces that it has submitted the initial drill program for the West Iberian Belt Project to the mining authorities in Andalusia and the program has been accepted. The exploration permit granted to Emerita is officially published on the Andalusia Mining portal on the Junta de Andalusia web site. This is a requirement of the permitting process by the Department of Mines of Huelva province, where [...]
Emerita Resources Corp. has completed the digital compilation of the historical hard copy data for the Romanera Deposit, including for assay data, drill hole surveys and geological coding that will be required to develop 3D models. Romanera is the larger of the two known deposits occurring on the Paymogo/Romanera Project and occurs approximately 8 kilometers to the west of the Infanta Deposit . The selected intervals are [...]
Emerita Resources Corp. announces the Company has received the final resolution documents from the Mining Department in Huelva, formally awarding the Public Tender and the mineral rights to the Paymogo Romanera Project to Emerita. The initial rights are for a period of 26 months and providing the Company initiates drilling in a timely manner, it has the right to apply to have this period extended for a further 36 months [...]
Emerita Resources Corp. is pleased to report that the nominees listed in the management proxy circular dated July 24, 2020 for the 2020 annual and special meeting of shareholders of Emerita held on August 24, 2020 were elected as directors of the Company. The appointment of each of the nominees to the Company’s board was approved by more than 99% of the votes cast at the Meeting. Shareholders at the Meeting also approved [...]
Emerita Resources Corp. has signed an agreement with Zimtu Capital Corp. to participate in Zimtu’s ZimtuAdvantage program. Zimtu shall receive $8,333 per month from the Company for a period of twelve months, with the entire 12 months payable at the beginning of the term of the agreement. ZimtuADVANTAGE is a program designed to provide opportunities, guidance, cost savings and assistance to clients covering multiple [...]
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