TORONTO, March 28, 2018 -- Emerita Resources Corp. announces that Mackie Research Capital Corp. has initiated coverage on the Company following the completion of the acquisition of the Salobro project in Brazil by Emerita. About Emerita Resources Corp. Emerita is a natural resource company engaged in the acquisition, exploration and development of mineral properties in Europe, with a primary focus on exploring in Spain [...]
TORONTO, March 15, 2018 -- Emerita Resources Corp. announces that it has completed the acquisition of the Salobro zinc project located in Minas Gerais State, Brazil . The rights to the Salobro Project have now been transferred to the Company’s Brazilian subsidiary, Zinco das Gerais, and the transfer has been published in the Brazilian Official Gazette. Pursuant to the closing of the Transaction, Emerita has paid [...]
TORONTO, Feb. 15, 2018 -- Emerita Resources Corp. has commenced its exploration program at the Salobro zinc project in Brazil and it has decided to fast track the Salobro Project in order to reach a development and construction decision. The Company has recently completed an internal scoping study, including a conceptual mine plan, based on the existing drill hole data base. This preliminary development plan will be used [...]
TORONTO, Feb. 02, 2018 -- Emerita Resources Corp. provides the following corporate update to its shareholders with respect to its portfolio of advanced zinc projects. Emerita has made excellent progress in advancing its business plan during the final months of 2017 and beginning of 2018. The Company is closing the acquisition of the Salobro zinc deposit in Minas Gerais State, Brazil following TSXV approval and expects to [...]
TORONTO, Jan. 22, 2018 -- Emerita Resources Corp. announces that, following the recent completion of its over-subscribed private placement financing, Emerita has satisfied all of the conditions in the TSX Venture Exchange’s conditional approval letter. Emerita has now commenced the process to complete the acquisition of the Salobro zinc project located in Minas Gerais State, Brazil from Vale S.A. and IMS Engenharia [...]
Emerita Resources Corp. is pleased to announce the closing, on an oversubscribed basis, of its previously announced private placement financing comprised of 42,426,000 units at a purchase price of $0.10 per Unit for gross proceeds of $4,242,600. The Offering was oversubscribed by $242,600. Each Unit is comprised of one common share of Emerita and one-half of one Common Share purchase warrant . Each Warrant entitles the [...]
Emerita Resources Corp. is pleased to announce that due to increased investor demand, the Company is increasing its previously announced private placement from total gross proceeds of up to $3 million to total gross proceeds of up to $4 million . The Offering will now consist of up to 40,000,000 units of the Company at a price of $0.10 per Unit. Each Unit will be comprised of one common share of Emerita and one-half of [...]
Emerita Resources has entered into a letter of engagement with Mackie Research Capital Corporation, acting as sole bookrunner and sole agent, under which Mackie has agreed to offer for sale units of the Company, on a "best efforts" private placement basis, subject to all required regulatory approvals, at a price per Unit of $0.10 for total gross proceeds of up to approximately $3,000,000 . Each Unit shall be comprised of [...]
Emerita Resources Corp. announced on November 15, 2017 the appointment of Mr. Michael Timmins as CEO and a Director of the Company. This appointment is an important step in enhancing the Company's interaction with its shareholders and capital markets. Mr. Timmins is a mining executive with over 20 years of technical and corporate development experience at Agnico Eagle Mines Ltd. and Placer Dome Inc. Most recently, Michael [...]
Emerita Resources Corp. is pleased to announce the appointment of Mr. Michael Timmins as CEO and a Director of the Company. This appointment is an important step in enhancing the Company's interaction with its shareholders and capital markets. Mr. Timmins is a mining executive with over 20 years of technical and corporate development experience at Agnico Eagle Mines Ltd. and Placer Dome Inc. Most recently, Michael worked [...]
Emerita Resources Corp. has entered into a binding letter agreement with Copper One Inc. pursuant to which Emerita has granted Copper One an option to acquire a 100% interest in the Las Morras gold project located in the Extremadura region of Spain. The Option Pursuant to the Agreement, Emerita has granted to Copper One an option to acquire a 100% interest in the Project. As consideration for the Option, Copper One has [...]
Emerita Resources Corp. along with its Spanish joint venture partner Aldesa, has been awarded exploration concessions comprising 3,600 hectares in the Santillana Syncline , through the public tender organized by the Dirección General de Industria, Comercio y Consumo -Consejería de Innovación, Industria, Turismo y Comercio- del Gobierno de Cantabria . The Plaza Norte Project is located in the Reocin [...]