Emerita Resources Corp.

Emerita Resources Corp. has closed the first tranche of its previously announced private placement of common shares . The Company issued 20,750,000 common shares pursuant to the First Tranche at a price of $0.10 per Share for aggregate gross proceeds of $2,075,000. The proceeds of the Offering are expected to be used to finance exploration activities at the Company’s Plaza Norte Project in Spain, repayment of the [...]

Emerita Resources Corp. announces that the TSX Venture Exchange has granted an extension to the duration of its previously announced private placement . The outside date upon which final acceptance of the private placement may be granted by the TSXV has been extended to June 14, 2019. The private placement is subject to the receipt of all necessary approvals, including the approval of the TSXV. Emerita also announces that [...]

Emerita Resources Corp. along with its partner, Aldesa, announces that drilling is progressing on its Plaza Norte zinc project located in Cantabria, northern Spain . To date, two drill holes have been completed on the Queveda target. Both drill holes have intersected significant intervals of sphalerite at the target horizon. The distance between the two drill holes is approximately 300 meters. Samples have been submitted [...]

Emerita Resources Corp. announces that along with its joint venture partner, the Aldesa Group , the first diamond drilling campaign is expected to commence March 18, 2019 at its flagship Plaza Norte project in Cantabria region, northern Spain . Drilling is being conducted through its joint venture company Cantábrica del Zinc which is owned 50% by Emerita and 50% by Aldesa. Figure 1 Figure 2 Figure 3 Diamond [...]

Emerita Resources Corp. has entered into a letter of engagement with Industrial Alliance Securities Inc. , to act as agent for the sale of a minimum of 10,000,000 post-consolidation common shares of the Company to a maximum of 20,000,000 Shares, on a “best efforts” private placement basis, subject to all required regulatory approvals, at a price per Share of $0.10 for total gross proceeds of a minimum of [...]

Emerita Resources Corp. announces that along with its partner, the Aldesa Group , it has received the necessary permits to commence drilling on its Plaza Norte zinc project located in Cantabria, Spain. Update meetings were held recently in Santander with Government officials and the Honorable Miguel Angel Revilla, President of Cantabria Region. At a joint press conference with the Company, the Honorable Mr. Revilla [...]

Emerita Resources Corp. announces that it has received strong support from its shareholders for consolidation of its common shares on the basis of one new common share for every five common shares outstanding. Of the votes cast by shareholders at the Emerita special shareholder meeting, 97.966% voted in favor of consolidation of the Company’s common shares. The Board will advise shareholders in the near future when [...]

Emerita Resources Corp. along with its Spanish joint venture partner, the Aldesa Group , have received all permits required to initiate the exploration program at the jointly owned Plaza Norte Project located in Cantabria Region, northern Spain. The Project was acquired in a public tender process organized by the Dirección General de Industria, Comercio y Consumo -Consejería de Innovación, Industria [...]

Emerita Resources Corp. announces its intention to seek the necessary approvals to consolidate its common shares. The Company has called a special meeting of common shareholders for Wednesday, December 19, 2018 at 10:00 a.m. . The Meeting will be held at the Company’s head office at 65 Queen Street West, 8th floor boardroom, Toronto, Ontario M5H 2M5. Emerita shareholders will be asked to consider and approve a share [...]

Cantabria Region Northern Spain Emerita Resources Corp. has terminated its option agreement, as amended, with Vale S.A. and IMS Engenharia Mineral Ltda. to acquire the Salobro zinc project in Minas Gerais State, Brazil. In order to maintain the option in good standing, the Company would have been required to pay Vale US$1.65 million on or before September 30, 2018. The Company attempted to renegotiate the payment terms [...]