|Bid||0.0650 x 0|
|Ask||0.0700 x 0|
|Day's Range||0.0650 - 0.0700|
|52 Week Range||0.0650 - 0.2000|
|Beta (3Y Monthly)||0.41|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||0.40|
The Plaza Norte Project comprises 120 claims covering 3,600 hectares held by Cantabria del Zinc, the joint venture company majority-owned by Emerita and the Aldesa Group (“Aldesa”). Emerita is the operator of the exploration program at the Plaza Norte Project. The drilling is focused on evaluating high-grade Mississippi Valley type zinc-lead mineralization in the past producing Reocin mining camp located in Cantabria, northern Spain. Initial drilling is following up on mineralized drill intercepts identified during exploration campaigns completed primarily in the 1980s and 1990s. Analysis of the historical information identified 4 key areas as high priority targets for exploration.
Emerita Resources Corp. (EMO.V) (the “Company” or “Emerita”) is pleased to report that the nominees listed in the management proxy circular dated July 2, 2019 for the 2019 annual and special meeting of shareholders of Emerita held on July 31, 2019 (the “Meeting”) were elected as directors of the Company. The appointment of each of the nominees to the Company’s board was approved by more than 97% of the votes cast at the Meeting. Shareholders at the Meeting also approved the appointment of the Company’s auditors and the Company’s stock option plan. Emerita management would like to thank shareholders for their participation and continuing support. 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.
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES TORONTO, July 12, 2019 -- Emerita Resources Corp. (TSX-V: EMO) (the “Company”.
As an investor, mistakes are inevitable. But you have a problem if you face massive losses more than once in a while...
Emerita Resources Corp. (EMO.V) (the “Company” or “Emerita”) announces that the TSX Venture Exchange (the “TSXV”) has granted an extension to the duration of its previously announced private placement (see the Company’s press releases dated February 19, 2019 and May 23, 2019). The Company closed the first tranche of the private placement on May 23, 2019 for aggregate gross proceeds of $2,075,000. The outside date upon which final acceptance of the private placement may be granted by the TSXV has been extended to July 12, 2019. The private placement is subject to the receipt of all necessary approvals, including the approval of the TSXV.
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 Company’s existing debt and for general corporate purposes. Industrial Alliance Securities Inc. (the “Agent”) acted as sole bookrunner and agent and offered the Shares for sale on a “best efforts” private placement basis.
Emerita Resources Corp. (EMO.V) (the “Company” or “Emerita”) announces that the TSX Venture Exchange (the “TSXV”) has granted an extension to the duration of its previously announced private placement (see the Company’s press release dated February 19, 2019). 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.
TORONTO, May 03, 2019 -- Emerita Resources Corp. (the “Company” or “Emerita”) (TSX-V: EMO) along with its partner, Aldesa, announces that drilling is progressing on its Plaza.
Emerita Resources Corp. (the “Company” or “Emerita”) (EMO.V) announces that along with its joint venture partner, the Aldesa Group (“Aldesa”), the first diamond drilling campaign is expected to commence March 18, 2019 at its flagship Plaza Norte project (the “Project” or “Plaza Norte”) in Cantabria region, northern Spain (Figure 1). Drilling is being conducted through its joint venture company Cantábrica del Zinc (“ZINCA”) which is owned 50% by Emerita and 50% by Aldesa. Diamond drilling equipment is presently being mobilized to the Project.
Emerita Resources Corp. (EMO.V) (the “Company” or “Emerita”) has entered into a letter of engagement with Industrial Alliance Securities Inc. (the “Agent), to act as agent for the sale of a minimum of 10,000,000 post-consolidation common shares of the Company (the “Shares”) 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 (on a post-consolidation basis) for total gross proceeds of a minimum of $1,000,000 to a maximum of $2,000,000 (the “Offering”). The proceeds of the Offering are expected to be used to finance exploration activities at the Company’s Plaza Norte Project in Spain ($500,000), repayment of the Corporation’s existing debt ($300,000) and for general corporate purposes ($200,000) based on gross proceeds of the Offering of $1,000,000. If the gross proceeds of the Offering exceed $1,000,000, the Company expects the relative percentage of the gross proceeds of the Offering to be used on exploration activities at the Plaza Norte Project to increase and the relative percentage of the gross proceeds to be used for debt repayment and general corporate purposes to decrease.
Emerita Resources Corp. (the “Company” or “Emerita”) (EMO.V) announces that along with its partner, the Aldesa Group (“Aldesa”), 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 publicly stated his strong support for the project and went so far as to say that in his view it was one of the most important economic development initiatives in the region. There have been further developments in the Andalusia Region in southern Spain where the election held in December has resulted in the first change in government there since Spain became a democracy. Representatives from the Company in Spain are scheduled to meet with officials of the new government in the coming week. The new government was elected on an anti-corruption platform. Emerita has been involved in a lengthy litigation process relating to corruption and prevarication charges against officials of the outgoing Junta in connection with the Aznalcollar Public Tender (see news releases dated November 9, 2016, January 26, 2017 and March 28, 2017). The Company remains committed to the acquisition and development of this project for the benefit of all stakeholders. As part of the initial public tender process Emerita completed comprehensive engineering and environmental studies and as such are the group best positioned to advance the project efficiently and with the highest environmental, health and safety standards.
Emerita Resources Corp. (the “Company” or “Emerita”) (EMO.V) 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.
The Project was acquired in a public tender process organized by the Dirección General de Industria, Comercio y Consumo -Consejería de Innovación, Industria, Turismo y Comercio del Gobierno de Cantabria (the Government of Cantabria, in northern Spain). The Plaza Norte Project is located in the Reocin Basin which hosts the famous Reocin mine, formerly one of the premier zinc producers in Europe, having produced approximately 62 million tonnes grading 11% zinc and 1.0% lead. Upon completion of the environmental and social licenses, the government ratified the resolution granting a three year exploration permit to Cantabrica del Zinc (“CDZ”) (Emerita and Aldesa’s joint venture company). CDZ has initiated negotiations with local land owners to access selected target areas for drilling.
The Company has called a special meeting of common shareholders (the “Meeting”) for Wednesday, December 19, 2018 at 10:00 a.m. (Toronto time). 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 consolidation (the “Consolidation”) on the basis of one new common share of the Company (each, a “New Share”) for up to every five existing common shares of the Company (each, an “Existing Share”), or such lower number of Existing Shares as may be determined by the Board of Directors of Emerita and as may be required to obtain approval of the Consolidation from the TSX Venture Exchange.
The big shareholder groups in Emerita Resources Corp (CVE:EMO) have power over the company. Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller Read More...