№ files_lp_4_process_3_068239
Corporate press release announcing the closing of the first tranche of a non-brokered private placement financing by Emperor Metals Inc., outlining financing terms, planned exploration expenditures at the Duquesne West Gold Project in Quebec, and the engagement of Peak Investor Marketing Corp. for investor relations and marketing services.
Year: 2022
Date: December 9, 2022
Company: Emperor Metals Inc.
Industry: Mineral exploration and mining
Region: Vancouver, British Columbia, Canada
Stock Exchange: Canadian Securities Exchange (CSE: AUOZ)
Document Type: Corporate news release
Subject: Private placement financing and investor relations agreement
Financing Type: Non-brokered private placement
First Tranche Details: 10,155,728 flow-through shares at $0.23 per share
Gross Proceeds: $2,335,817
Finder’s Compensation: $138,907 cash and 603,943 finder’s warrants
Finder’s Warrant Terms: Exercise price $0.17 per common share, 24-month term
Hold Period: Four months and one day from closing date
Use of Proceeds: Canadian exploration expenses qualifying as flow-through mining expenditures
Project: Duquesne West Gold Project
Project Location: Quebec, Canada, near Rouyn-Noranda and Duparquet
Historical Mineral Resource Estimate: 727,000 ounces of gold at 5.42 g/t Au
Technical Report Reference: Watts, Griffis and McOuat Consulting Geologists and Engineers, October 20, 2011
Qualified Person: John Florek, M.Sc., P.Geol., Apical Exploration
Investor Relations Contractor: Peak Investor Marketing Corp.
Marketing Agreement Term: Initial 12 months
Monthly Fee: $12,000
Stock Options Granted: 400,000 options at $0.18 per share
Authorizing Body: Board of Directors of Emperor Metals Inc.
Signatory: John Florek, CEO and Director
Price: 8 / 10 USD
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