Emperor Metals Inc. announced that it will raise CAD 884,400 in non-brokered private placement on June 23, 2023.

On the same date, the company raised CAD 734,400 in its first tranche closing. The first tranche consisted of 1,875,000 flow-through shares at a price of CAD 0.16 per flow-through share and 3,619,998 non flow-through units at a price of CAD 0.12 per unit, for total gross proceeds of CAD 734,400. Each unit, consisted of one common share and one-half of one share purchase warrant. Each whole warrant entitles the holder to purchase one common share of the company at an exercise of CAD 0.20 per common share until June 22, 2025. In connection with the sale of these flow through shares and units, the company also paid a total of CAD 10,800 in cash and issued 131,250 finder's warrants to eligible finders for certain of the flow through shares and units sold. Each finder's warrant will entitle the holder to purchase one common share of the company at an exercise price of CAD 0.20 until June 25, 2025. All securities issued are subject to a hold period until October 23, 2023. The company expects to close a second tranche consisting of additional flow through shares as well as units for up to an aggregate of CAD 150,000 in gross proceeds in the near future.