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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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