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Emmerson Resources "blown out of the water" by response to capital raising

Emmerson Resources Limited (ASX:ERM) managing director and CEO Rob Bills speaks to Proactive about its capital raising of up to $4.5 million to accelerate NSW exploration.

Existing shareholders will have the opportunity to acquire new shares and options through a share purchase plan under the same terms as the $3.5 million placement to raise up to a further $1 million.

Commenting on the response received by investors Bills said: “It has blown us out of the water.

“It’s a testament to Emmerson and what we have been doing but also our cornerstone investor Palisades Goldcorp out of Canada.

“They were very keen to get a bit of the action in the Emmerson story.”

Quick facts: Emmerson Resources Ltd

Price: 0.086 AUD

ASX:ERM
Market: ASX
Market Cap: $41.53 m
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on 10/8/20

2 min read