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Emmerson Resources completes $1 million second tranche placement, expands gold royalty funding

Emmerson Resources Limited (ASX:ERM) managing director Rob Bills updates Proactive Investors on the company's $1 million share placement with joint venture partner Territory Resources at 10.35 cents a share.
 
The placement finalises conditions of the companies' exploration earn-in joint venture and the small mines joint venture agreements. 
 
Bills also notes the addition of further gold royalty payment funding, to further exploration success at Mauritania.

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Price: 0.115 AUD

ASX:ERM
Market: ASX
Market Cap: $48.86 m
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Emmerson Resources seals deal with new gold partner at Tennant Creek

Emmerson Resources Limited's (ASX:ERM) Rob Bills speaks to Proactive's Andrew Scott after entering a strategic alliance with NT Bullion Ltd for the Northern Project Area (NPA) at the Tennant Creek Mineral Field in the Northern Territory. NT Bullion will invest $2 million in Emmerson shares...

on 28/4/20

2 min read