Emperor Metals arranges $4.25-million private placement
2025-04-16 21:20 ET – News Release
Mr. John Florek reports
EMPEROR ANNOUNCES PRIVATE PLACEMENT
Emperor Metals Inc. has proposed to complete a non-brokered private placement financing of up to 28,333,333 flow-through common shares at a price of 15 cents per FT share for gross proceeds of up to $4.25-million. The first tranche of the offering consists of the issuance of a total of 3,334,000 FT shares for total gross proceeds of $500,100. Each FT share will qualify as a flow-through share within the meaning of Subsection 66(15) of the Income Tax Act (Canada).
The gross proceeds from the issuance of the FT shares will be used to incur eligible Canadian exploration expenses that will qualify as flow-through mining expenditures, as such terms are defined in the Income Tax Act (Canada), and in addition, with respect to Quebec resident subscribers who purchase FT shares who are eligible individuals under the Taxation Act (Quebec), the Canadian exploration expenses will also qualify for inclusion in the exploration base relating to certain Quebec exploration expenses within the meaning of Section 726.4.10 of the Taxation Act (Quebec) and for inclusion in the exploration base relating to certain Quebec surface mining expenses or oil and gas exploration expenses within the meaning of Section 726.4.17.2 of the Taxation Act (Quebec). All qualifying expenditures will be renounced in favour of the subscribers of the FT shares, effective Dec. 31, 2025.
In connection with the sale of the FT shares, the company will pay a total of $30,006 in cash and issue 200,040 finder warrants to an eligible arm’s-length finder for certain of the FT shares sold. Each finder warrant entitles the holder to purchase one common share of the company at an exercise price of 15 cents per share until April 22, 2027.
All FT shares and finder warrants issued are subject to a hold period until Aug. 23, 2025. The offering is subject to the acceptance of the Canadian Securities Exchange.
About Emperor Metals Inc.
Emperor Metals is a high-grade gold exploration and development junior mining company focused on Quebec’s southern Abitibi greenstone belt and leveraging artificial-intelligence-driven exploration techniques. Emperor is dedicated to unlocking the substantial resource potential of the Duquesne West gold project and the Lac Pelletier project both situated in this Tier 1 mining district.
Emperor is led by a dynamic group of resource sector professionals who have a strong record of success in evaluating and advancing mining projects from exploration through to production, attracting capital, and overcoming adversity to deliver exceptional shareholder value.
We seek Safe Harbor.
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