Emerita Resources (EMO-V) has increased the size of its previously announced non-brokered private placement financing due to demand from investors in Spain
Aug 13, '14 - NR
EMO has increased the size of its previously announced non-brokered private placement financing due to demand from investors in Spain (see press release dated July 28, 2014). Emerita intends to issue up to 12,275,750 common shares at a price of $0.10 per Common Share for gross proceeds of up to $1,227,575.
Pursuant to the Offering, Millennium Insurance Company Limited, part of the Morera & Vallejo Business Group ("M&V"), has agreed to purchase 4,396,500 Common Shares for a total purchase price of $439,650, AGQ Labs & Technological Services ("AGQ") has agreed to purchase 3,663,750 Common Shares for a total purchase price of $366,375 and members of the management teams of Forbes & Manhattan, Inc. ("Forbes & Manhattan") and Emerita have agreed to purchase collectively 2,750,000 Common Shares for a total purchase price of $275,000. |
