Emerita Engages Generation IACP Inc. for Market Making Services
March 15 2022 - 5:00PM
Emerita Resources Corp. (TSX – V: EMO; OTC: EMOTF)
(the “Company” or “Emerita”) has engaged the services of Generation
IACP Inc. (“
Generation”) to provide services as a
market maker in compliance with the policies and guidelines of the
TSX Venture Exchange and other applicable legislation.
Generation will receive a fee of C$7,500 plus applicable
taxes per month. The agreement between the Company and
Generation is for an initial term of six (6) months and shall be
automatically renewed for subsequent six (6) month periods
(collectively, the “
Term”) unless the Company
provides written notice of termination to Generation at least 30
days prior to the end of the Term or Generation provides a written
notice of termination to the Company. Commencing on the first
anniversary of the agreement, the fee payable to Generation will
automatically increase annually by 3.0%. No stock options or other
compensation are being granted in connection with the
engagement. Generation does not currently own any securities
of the Company; however, Generation and its clients may acquire an
interest in the securities of the Company in the future.
Generation is an arm’s length party to the Company.
Generation’s market making activity will be primarily to correct
temporary imbalances in the supply and demand of the Company’s
shares. Generation will be responsible for the costs it incurs in
buying and selling the Company’s shares, and no third party will be
providing funds or securities for the market making activities.
About Generation IACP Inc.Generation is based
in Toronto, Ontario, and is an independently held and
registered broker and member of the Investment Industry Regulatory
Organization of Canada, the TSX-V, the Canadian Securities
Exchange, and the NEO Exchange, and is a Participating
Organization, as such term is defined in the rules and policies of
the Toronto Stock Exchange.
About Emerita Resources
Corp.Emerita is a natural resource company engaged in the
acquisition, exploration and development of mineral properties in
Europe, with a primary focus on exploring in Spain. The Company’s
corporate office and technical team are based in Sevilla, Spain
with an administrative office in Toronto, Canada.
For further information, contact:
Joaquin Merino+34 (628) 1754 66 (Spain)
Helia Bento+1 416 566 8179
(Toronto)info@emeritaresources.com
Cautionary Note Regarding
Forward-looking Information
This press release contains “forward-looking
information” within the meaning of applicable Canadian securities
legislation. Forward-looking information includes, without
limitation, the Company’s future. Generally, forward-looking
information can be identified by the use of forward-looking
terminology such as “plans”, “expects” or “does not expect”, “is
expected”, “budget”, “scheduled”, “estimates”, “forecasts”,
“intends”, “anticipates” or “does not anticipate”, or “believes”,
or variations of such words and phrases or state that certain
actions, events or results “may”, “could”, “would”, “might” or
“will be taken”, “occur” or “be achieved”. Forward- looking
information is subject to known and unknown risks, uncertainties
and other factors that may cause the actual results, level of
activity, performance or achievements of Emerita, as the case may
be, to be materially different from those expressed or implied by
such forward-looking information, including but not limited to:
general business, economic, competitive, geopolitical and social
uncertainties; the actual results of current exploration
activities; risks associated with operation in foreign
jurisdictions; ability to successfully integrate the purchased
properties; foreign operations risks; and other risks inherent in
the mining industry. Although Emerita has attempted to identify
important factors that could cause actual results to differ
materially from those contained in forward-looking information,
there may be other factors that cause results not to be as
anticipated, estimated or intended. There can be no assurance that
such information will prove to be accurate, as actual results and
future events could differ materially from those anticipated in
such statements. Accordingly, readers should not place undue
reliance on forward-looking information. Emerita does not undertake
to update any forward-looking information, except in accordance
with applicable securities laws.
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION
SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE
TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR
ACCURACY OF THIS RELEASE.
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