Emergent Metals Corp. announced a non-brokered private placement to issue up to 12,500,000 units at an issue price of CAD 0.12 per unit for gross proceeds of CAD 1,500,000 on July 25, 2023. Each Unit will consist of one common share in the capital of the company and one whole non-transferable common share purchase warrant.

Each whole Warrant will be exercisable to acquire one Share at an exercise price of CAD 0.15 per Share for a period of 24 months from the date of issuance. The Offering is subject to a minimum subscription amount of CAD 2,400. The transaction may include participation from certain insiders.

The company may pay finder?s fees on a portion of the Offering, subject to compliance with the policies of the TSX Venture Exchange and applicable securities legislation. Closing of the Offering is subject to approval of the TSX Venture Exchange. The securities issued under the Offering, and any Shares that may be issuable on exercise of any such securities, will be subject to a statutory hold period expiring four months and one day from the date of issuance of such securities.