Emergent Metals Corp. announced a non-brokered flow-through private placement of 2,900,000 flow-through common shares at a price of CAD 0.14 per share for gross proceeds of CAD 406,000 on December 20, 2023. The company has paid aggregate finder's fees of CAD 38,480 and issue 232,000 share purchase warrants in connection with subscriptions from subscribers introduced to the offering by qualified finders.

Each finder's warrant is exercisable to acquire one common share in the capital of the company at an exercise price of CAD 0.14 per common share until December 20, 2025, which is 24 months from the date of issuance. The offering remains subject to final approval of the TSX Venture Exchange. The securities issued under the offering will be subject to a statutory hold period expiring four months and one day from the date of issuance of such securities.

The transaction included participation from one placee.