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.”