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Additional Information

Market:	ASX
Sector:	General Mining
EPIC:	EMG
Latest Price:	0.03 (-13.16% )
52-week High:	0.21
52-week Low:	0.03
Market Cap:	3.04M

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Emergent Resources

Emergent Resources (ASX: EMG) is a diversified, multi commodity junior exploration and development company. The company sees the present and foreseeable demand for resource commodities such as iron, base metals and precious metals remaining strong.

Emergent’s strategy is to effectively define and develop the company's Beyondie Iron Project exploration in conjuction with existing strong geological and structural association of lead-zinc and copper-gold mineralised targets.

Emergent Resources raises $3 million to fund development of Beyondie Iron Project

Friday, January 22, 2010

Perth-based exploration company Emergent Resources (ASX: EMG) has raised $3 million to fund development plans for the company's flagship Beyondie Iron Project, located in the northern region of Western Australia’s mid-west iron ore precinct

The placement to sophisticated and professional investors will be completed shortly and the Company will inform the market when the placement has been
finalised.

The placement has been made to clients of Casimir Capital LP and its Australian operations Casimir Capital.

The placement of 5,000,000 shares will be made at a price of A$0.60 per share. The placement also includes the issue of one free attaching listed option for every two shares placed, exercisable by the payment of 20 cents each on or before 30 September 2010.

Managing Director Garry Hemming said the placement would be used to fund Emergent’s continuing development plans for its Beyondie Iron Project and provide additional working capital for the Company.

Casimir is a natural resources-focused investment banking group headquartered in New York, with offices in Sydney and Toronto.

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